Tribune Co. interviews bankers about sale of newspapers

Tribune is interviewing bankers to advise the bankrupt company on the sale of at least some of its newspapers, reports Bloomberg News.

Selling some of Tribune Co.’s papers would bring an influx of cash to the company after four years of bankruptcy. The new owners may hold onto the larger newspapers, such as the ones in Los Angeles and Chicago, and look to sell the smaller titles more immediately, said Reed Phillips, managing partner of investment bank DeSilva & Phillips LLC.

* Tribune said to seek bankers for newspaper sale (bloomberg.com)

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