Tribune Completes Sale of Southern Connecticut Newspapers
November 01 2007 - 2:09PM
PR Newswire (US)
CHICAGO, Nov. 1 /PRNewswire-FirstCall/ -- Tribune Publishing, a
division of Tribune Company (NYSE:TRB), today announced that it has
completed the sale of its Southern Connecticut Newspapers, The
Advocate (Stamford) and Greenwich Time, to Hearst Corporation. The
newspapers will be managed by MediaNews Group, Inc., under an
existing joint venture agreement with Hearst. The sale transaction,
announced Oct. 25, 2007, did not include real estate in Stamford
and Greenwich, which Tribune plans to sell separately. TRIBUNE
(NYSE:TRB) is one of the country's top media companies, operating
businesses in publishing, interactive and broadcasting. It reaches
more than 80 percent of U.S. households and is the only media
organization with newspapers, television stations and websites in
the nation's top three markets. In publishing, Tribune's leading
daily newspapers include the Los Angeles Times, Chicago Tribune,
Newsday (Long Island, N.Y.), The Sun (Baltimore), South Florida
Sun-Sentinel, Orlando Sentinel and Hartford Courant. The company's
broadcasting group operates 23 television stations, Superstation
WGN on national cable, Chicago's WGN-AM and the Chicago Cubs
baseball team. Popular news and information websites complement
Tribune's print and broadcast properties and extend the company's
nationwide audience. DATASOURCE: Tribune Publishing CONTACT: Gary
Weitman of Tribune Publishing, +1-312-222-3394, fax,
+1-312-222-1573, Web site: http://www.tribune.com/
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