Tribune Company said Wednesday that it will split itself into two
companies, joining several media rivals that made similar moves to
shield more profitable broadcasting and other units from publishing
businesses.
The announcement comes on the heels of Tribune's agreement last week to bulk up its TV station business with 19 stations in 16 markets from Local TV Holdings.
The company now will spin off the publishing unit that includes The Los Angeles Times and Chicago Tribune. It earlier had explored a sale of the newspapers.
Read More: http://www.usatoday.com/story/money/business/2013/07/10/tribune-split-2-companies/2504791/
The announcement comes on the heels of Tribune's agreement last week to bulk up its TV station business with 19 stations in 16 markets from Local TV Holdings.
The company now will spin off the publishing unit that includes The Los Angeles Times and Chicago Tribune. It earlier had explored a sale of the newspapers.
Read More: http://www.usatoday.com/story/money/business/2013/07/10/tribune-split-2-companies/2504791/
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