It is a tough time for newspaper companies as readers flock online and to other outlets to get news coverage. This point came shining through last week when major Knight Ridder shareholders asked the company to explore sale possibilities. Since then speculation and industry pressure has shifted to the Tribune Company to increase shareholder value. A recent 20 page report was released by by Merrill Lynch analyst Lauren Rich Fine which explored several options and most of which involved selling of newspaper assets. Interestingly, the report valued the online assets at $3 per share.
As a Tribune employee and shareholder I am obviously concerned about the recent tough times. I think I have become somewhat desensitized by the speculation and rumors that have been going on for months which included selling the Chicago Cubs to Mark Cuban and selling the LA Times just to name a few. So it will be rather interesting to see what actually happens with the company and its various assets.
Check out this blog post about the Tribune report on PaidContent.org. Also check out the recent mainstream media reports about Tribune on Editor & Publisher and Crain's Chicago Business.
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