Zell to entertain offers for Tribune Tower, L.A. Times building

In May, Tribune Co. announced the sale of its New York newspaper, Newsday, to Cablevision Systems Corp. in a $650-million deal under which Tribune would retain a 3% stake in the newspaper.

( Mario Tama / Getty Images / May 12, 2008 )

In May, Tribune Co. announced the sale of its New York newspaper, Newsday, to Cablevision Systems Corp. in a $650-million deal under which Tribune would retain a 3% stake in the newspaper.

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