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Tribune Aims to Sell Newspaper Business
WSJ ^ | Updated February 26, 2013, 3:36 p.m. ET | y SHARON TERLEP And MERISSA MARR

Posted on 02/26/2013 1:53:01 PM PST by Ernest_at_the_Beach

Tribune Co. has enlisted investment banks to help sell its newspaper business, including the Los Angeles Times and the Chicago Tribune, people familiar with the matter said Tuesday.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; News/Current Events; US: California; US: Illinois
KEYWORDS: media
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1 posted on 02/26/2013 1:53:07 PM PST by Ernest_at_the_Beach
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To: abb; SunkenCiv

fyi


2 posted on 02/26/2013 1:54:07 PM PST by Ernest_at_the_Beach ((The Global Warming Hoax was a Criminal Act....where is Al Gore?))
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To: Ernest_at_the_Beach

Circling the drain, they are.


3 posted on 02/26/2013 1:54:27 PM PST by Paladin2
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To: Paladin2

Long, it won’t be.


4 posted on 02/26/2013 1:55:12 PM PST by Paladin2
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To: Ernest_at_the_Beach

Put it up on eBay... I bid 50 cents!


5 posted on 02/26/2013 1:55:28 PM PST by ReleaseTheHounds ("The problem with Socialism is that eventually you run out of other people's money." M. Thatcher)
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To: Ernest_at_the_Beach

I see them going for pennies. lol.

Buy a copy, get a share!


6 posted on 02/26/2013 1:57:22 PM PST by GeronL (http://asspos.blogspot.com)
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To: All
From the LATimes website:

Tribune Co. hires investment bankers to explore sale of newspaper unit


The Los Angeles Times offices. (Mel Melcon / Los Angeles Times)

7 posted on 02/26/2013 1:59:41 PM PST by Ernest_at_the_Beach ((The Global Warming Hoax was a Criminal Act....where is Al Gore?))
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To: Ernest_at_the_Beach

Paging Rupert Murdoch!.........


8 posted on 02/26/2013 2:00:17 PM PST by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: Paladin2

Time to clean the Commies out.


9 posted on 02/26/2013 2:00:56 PM PST by Ernest_at_the_Beach ((The Global Warming Hoax was a Criminal Act....where is Al Gore?))
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To: Ernest_at_the_Beach

Obama sycophants.


10 posted on 02/26/2013 2:02:03 PM PST by Berlin_Freeper (RETURN TO MECCA by Avi Lipkin [http://youtu.be/zWQkaDUCJ_Y])
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To: Red Badger
From the link at #7:

************************************EXCERPT*************************************

There has been widespread speculation that Tribune would attempt to unload the newspaper business to focus on its more promising television operations. Rupert Murdoch’s News Corp. is among the possible bidders for the newspaper assets.

11 posted on 02/26/2013 2:03:35 PM PST by Ernest_at_the_Beach ((The Global Warming Hoax was a Criminal Act....where is Al Gore?))
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To: 04-Bravo; aimhigh; andyandval; Arizona Carolyn; Bahbah; bert; bilhosty; Caipirabob; carmenbmw; ...

12 posted on 02/26/2013 2:04:07 PM PST by abb
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To: Ernest_at_the_Beach

$100.00 is my offer for the whole operation.


13 posted on 02/26/2013 2:08:25 PM PST by Conspiracy Guy (I voted Republican, no Conservative was on the ballot.)
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To: Ernest_at_the_Beach

Nice building.


14 posted on 02/26/2013 2:09:14 PM PST by Paladin2
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To: Ernest_at_the_Beach

Now here’s an opportunity for some intelligent investor(s) to secure a couple of significant media outlets and publish some real news instead of all the BS, lies, and propaganda...

so little competition... how could it do anything but succeed!?


15 posted on 02/26/2013 2:09:51 PM PST by faithhopecharity (()
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To: Conspiracy Guy

$105 but they have to fire that idiot Lou Grant.


16 posted on 02/26/2013 2:09:57 PM PST by DManA
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To: Conspiracy Guy

lol.

Overpaying.


17 posted on 02/26/2013 2:11:10 PM PST by GeronL (http://asspos.blogspot.com)
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To: DManA

$110.00 and they are all fired.


18 posted on 02/26/2013 2:11:23 PM PST by Conspiracy Guy (I voted Republican, no Conservative was on the ballot.)
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To: Conspiracy Guy

I wouldn’t mind having a small press, just for hobby stuff... deliver my own little FReeps to the hometown.

lol


19 posted on 02/26/2013 2:11:54 PM PST by GeronL (http://asspos.blogspot.com)
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To: GeronL

$12.50 that’s my final offer


20 posted on 02/26/2013 2:14:30 PM PST by Conspiracy Guy (I voted Republican, no Conservative was on the ballot.)
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To: Ernest_at_the_Beach

The Chandler clan got out of the Tribune Co. just in time back in 2007.

http://articles.latimes.com/2007/jun/05/business/fi-tribune5


21 posted on 02/26/2013 2:15:24 PM PST by abb
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To: GeronL

We could turn out a btter paper with a 60’s memeograph machine.


22 posted on 02/26/2013 2:17:03 PM PST by Conspiracy Guy (I voted Republican, no Conservative was on the ballot.)
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To: Paladin2

I could see buying yhat,..fixing it up and renting it out to professionsa;l,...like lawyers and doctors.


23 posted on 02/26/2013 2:17:35 PM PST by Ernest_at_the_Beach ((The Global Warming Hoax was a Criminal Act....where is Al Gore?))
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To: Conspiracy Guy

lol

Yes we probably could


24 posted on 02/26/2013 2:18:10 PM PST by GeronL (http://asspos.blogspot.com)
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To: GeronL

I still remember the smell of that crazy ink.


25 posted on 02/26/2013 2:20:14 PM PST by Conspiracy Guy (I voted Republican, no Conservative was on the ballot.)
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To: Ernest_at_the_Beach
This one fits my screen better - ;-)

http://www.trbimg.com/img-512d1066/turbine/la-fi-mo-tribune-co-hires-investment-bankers-t-001/1920

26 posted on 02/26/2013 2:22:55 PM PST by Paladin2
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To: Conspiracy Guy
"I still remember the smell of that crazy ink."

Nothing like having your teacher as your dealer/supplier ;-)

27 posted on 02/26/2013 2:26:15 PM PST by Paladin2
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To: Paladin2

It made me sneeze and I hated it but I do remember it.


28 posted on 02/26/2013 2:29:33 PM PST by Conspiracy Guy (I voted Republican, no Conservative was on the ballot.)
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To: Conspiracy Guy

I always liked it. We used to get close and inhale deeply.


29 posted on 02/26/2013 2:31:30 PM PST by Paladin2
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To: Conspiracy Guy

i used to love the newspaper format, I wished there were conservatives ones but there aren’t except for the money-losing Washington Times.


30 posted on 02/26/2013 2:35:02 PM PST by GeronL (http://asspos.blogspot.com)
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To: Paladin2

I really hated it. I started school in 60. The first I remember memeograph was 65.


31 posted on 02/26/2013 2:38:18 PM PST by Conspiracy Guy (I voted Republican, no Conservative was on the ballot.)
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To: Ernest_at_the_Beach

What newspaper business?


32 posted on 02/26/2013 2:41:24 PM PST by SoFloFreeper
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To: ReleaseTheHounds

US or Canadian?


33 posted on 02/26/2013 2:41:53 PM PST by Mr. Lucky
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To: Conspiracy Guy

How about the smell of Ditto ink?

http://theyalwayscomeback.blogspot.com/2008/02/ditto-machine.html


34 posted on 02/26/2013 2:42:56 PM PST by abb
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To: abb

Ditto printing is the smell people are thinking of.


35 posted on 02/26/2013 2:46:49 PM PST by Misterioso (The man who lets a leader prescribe his course is a wreck being towed to the scrap heap. - Ayn Rand)
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To: abb
good luck with that, it'd be easier to sell a blind three legged dog...

36 posted on 02/26/2013 2:47:11 PM PST by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -ww- NO Pity for the LAZY)
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To: abb

The Ditto was before my time.


37 posted on 02/26/2013 2:51:39 PM PST by Conspiracy Guy (I voted Republican, no Conservative was on the ballot.)
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To: Misterioso

Not me. I’m only 59 years old.


38 posted on 02/26/2013 2:53:15 PM PST by Conspiracy Guy (I voted Republican, no Conservative was on the ballot.)
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To: Conspiracy Guy

Right. I’m 58 and I used service those things. That fluid burns like hell when you get it in a cut.


39 posted on 02/26/2013 4:24:28 PM PST by CrazyIvan (Obama's birth certificate was found stapled to Soros's receipt.)
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To: Paladin2
Circling the drain, they are.

You wish. It doesn't take an operating profit to make owning a newspaper profitable.

40 posted on 02/26/2013 10:06:50 PM PST by Carry_Okie (The environment is too complex and too important to be "protected" by government.)
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To: Carry_Okie
" It doesn't take an operating profit to make owning a newspaper profitable. "

How does that work (w/o gov't subsidies)?

41 posted on 02/26/2013 10:08:40 PM PST by Paladin2
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To: Paladin2
How does that work (w/o gov't subsidies)?

It is easy to manipulate the value of an asset with the power of the press simply by promoting or panning it. When government gets too democratic, manipulating majority opinion is a way to use government to manipulate asset value, whether by ginning up regulations, lawsuits, or simply calling into question product safety. Even the timing of a news release can control the degree of profit made in the stock market.

Hence, the power to manipulate public opinion is a profitable asset even if the advertising and subscription revenues do not support continuing operations. Power is effectively power for sale. Always has been.

42 posted on 02/26/2013 10:14:55 PM PST by Carry_Okie (The environment is too complex and too important to be "protected" by government.)
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To: Carry_Okie
So, an indirect profit to the owners from inside trading.

That would work, especially with immunity from prosecution from crony political manipulation.

43 posted on 02/26/2013 10:23:46 PM PST by Paladin2
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To: GeronL

Qatar will probably snap them up.


44 posted on 02/26/2013 10:26:40 PM PST by piasa (Attitude adjustments offered here free of charge)
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To: Paladin2
Look at the ability to run or spike a story when it comes to putting the screws to politicians. Think of how that could influence the permitting process, for example. One could kill or push a building project with a phone call, and with no need to even say anything direct.

Calls planner, 'We've heard about complaints about this developer before. Could you look into and make sure this deal is on the up and up?' Versus, 'Oh, he's a good guy, come on up and let's see how we can work this out.'

The difference could be in the millions. That's power. Too much power. Now you know why the Times Mirror Corporation is the second largest developer in California.

45 posted on 02/26/2013 11:29:47 PM PST by Carry_Okie (The environment is too complex and too important to be "protected" by government.)
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To: CrazyIvan

Imaging has come a long way. Communication has come a long way. Everything but humanity has come a long way. The average person is lost without all their electronics. It amusing me to no end to see a 30 something who has lost their smart phone. Total meltdown ensues.


46 posted on 02/27/2013 1:32:48 AM PST by Conspiracy Guy (I voted Republican, no Conservative was on the ballot.)
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To: Conspiracy Guy

I have to laugh at that comment- far side of thirty- losing cell phone is cause for concern No crying just blessed silence.

However when FR was down that was different story- LOL- serious withdrawal


47 posted on 02/27/2013 1:38:54 AM PST by Nailbiter
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To: Ernest_at_the_Beach

LOL!
I want everybody associated with the Democrat “mainstream” newsrooms to lose their jobs, their homes, and their families. For what they did to the former America they deserve nothing less.

Maybe the assclown who bought Newsweak will give the Tribune $5 for their newspaper business


48 posted on 02/27/2013 1:49:47 AM PST by Lancey Howard
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To: Carry_Okie

IIRC, The Times Mirror is no more, having been sold to the Tribune Co in 2000. The Chandler trusts bailed out of that entity in 2007. Recall that’s when realtor Sam Zell bought the thing and spectacularly rode Tribune to bankruptcy.

True, the Chandler-owned Times Mirror did have major real estate holdings, but I think (but do not know for sure) they were spun off from the newspaper/tv entity.

I do know that Tejon Ranch, in Kern County, still operates, but it’s an independent company. I couldn’t tell you what were the other Chandler real estate holdings, but that stuff never went with the Tribune buyout in 2000, I’m pretty sure.

http://en.wikipedia.org/wiki/Tejon_Ranch

http://www.slate.com/articles/news_and_politics/press_box/2011/06/why_newspapers_have_gone_to_hell.single.html

BTW, I agree with your argument about newspapers and power. They don’t have the clout they used to, but they’re worth something in political capital.

Otherwise, that consortium of liberals in Pennsylvania never would have bought the Philadelphia Inquirer a couple of years ago. It was, and still is, losing money, but they bought it anyway.


49 posted on 02/27/2013 1:55:47 AM PST by abb
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To: Nailbiter

Roger that. I was checking access to FR every 30 minutes. But I did remain calm. : )


50 posted on 02/27/2013 2:13:13 AM PST by Conspiracy Guy (I voted Republican, no Conservative was on the ballot.)
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