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Tribune Co. Won’t Sell off Any More Papers
Tribune Co., having recently sold two Connecticut newspapers as well as others, has said that it has no plans to sell any other papers.
Part of the company’s plan to boost shareholder value was the sale of $500 million of non-core assets, and the sale of the Connecticut papers put it past that mark, writes Reuters.
The publisher and broadcaster is considering plans to satisfy investors, such as bids to buy out the company or spin off divisions. It is expected to make a decision by the end of the month.