Tags: Tribune | Split

Tribune Plans to Split into 2 Companies

Wednesday, 10 Jul 2013 08:04 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Tribune Co. says it wants to split its broadcasting and publishing businesses into two companies.

Tribune says the move will let one company take advantage of growth in broadcasting while the other focuses on newspapers, where revenue has been falling.

Chicago-based Tribune owns 23 TV stations and cable network WGN America, along with the Chicago Tribune, Los Angeles Times and other newspapers. Earlier this month, it announced plans to buy Local TV Holdings and its 19 television stations for $2.73 billion.

The newspapers would be spun off into an independent company to be called Tribune Publishing Co.

The remaining company would include Tribune's local television stations; WGN radio and cable networks; its television production, digital and media services ventures; and its interests in other companies and real estate.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Attorney Puzzled by Secrecy in Ore. Ex-Marine Sniper Case

Wednesday, 01 Oct 2014 15:17 PM

Criminal defense attorney Mark O'Mara says he is mystified by a Oregon court's secrecy surrounding the case of a former  . . .

N. Dakota Oil Revenue May Lead to Free College Tuition

Wednesday, 01 Oct 2014 14:25 PM

North Dakota's oil drilling boom is financing millions of dollars in improvements at the state's colleges, and it may be . . .

Obama Urged to End Military Spending Caps to Fight ISIS

Wednesday, 01 Oct 2014 13:46 PM

With the Pentagon spending $10 million a day to fight the Islamic State (ISIS), two leading Republican lawmakers have ca . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved