Tribune CEO: ‘no decision to sell our publishing assets is imminent’

May 16, 2013
Category: Uncategorized

Chicago Tribune | LA Observed | Orlando Sentinel

“A sale transaction is only one of our possible strategic options, and there are many others,” Tribune Co. CEO Peter Liguori wrote in an email to employees Wednesday, Robert Channick reports.

Kevin Roderick shares the whole memo. In it, Liguori writes that the company “will continue exploring all strategic options to maximize shareholder value, including retaining and operating our publishing assets. The process is ongoing and no decision to sell our publishing assets is imminent.”

A group called Florida Watch Action plans a protest against a possible Koch brothers bid for Tribune’s papers outside the Tribune-owned Orlando Sentinel Thursday, David Damron reports. People upset by the prospect of the libertarian billionaires owning the properties have demonstrated in Chicago and Los Angeles as well.

PreviouslyMore groups organize against the Koch brothers buying Tribune’s newspapers | Why news will survive the Koch brothers | Los Angeles Times journalists chafe at possible Koch ownership