Tribune Announces Spin-Off of Newspaper Business; No Immediate Sale to the Koch Brothers

July 10, 2013

The Tribune Company has announced that it will split in two, separating its newspaper business from its broadcasting unit, as it focuses more on its television operations in an attempt to become more profitable.  The announced spin-off is at least a temporary setback to Charles and David Koch, the conservative billionaire brothers who had expressed interest in acquiring the newspapers.

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