"There is a lot of interest in our newspapers, which we haven't solicited," Gary Weitman, Tribune Co. spokesman, said in a statement. "Hiring outside financial advisers will help us determine whether that interest is credible, allow us to consider all of our options and fulfill our fiduciary responsibility to our shareholders and employees."
Chicago-based Tribune Co. emerged from four years in Chapter 11 bankruptcy proceedings on Dec. 31, majority owned by its senior creditors, JPMorgan,
Liguori’s first month on the job has focused on assessing Tribune Co.’s media assets, which include 23
Tribune Co. also owns the newspapers in
Some prominent names have emerged as possible buyers. One is investor
One potential suitor for The Baltimore Sun is a loose group of would-be investors organized by the
There's no guarantee that locals will get a chance. Tribune might decide to sell all its papers to one buyer, Venetoulis said.
David S. Cordish, whose Baltimore-based