Friday April 19, 2024 | Last Update: April 19, 2024 EDT
The Tribune Publishing Co. denied the media speculation in a statement to its employees that the company is being sold and the spinoff of the Los Angeles Times, according to a report from the Chicago Tribune. The company said in the statement that it is “not engaged in any discussions or a process to sell the company.”
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Rupert Murdoch, the executive chairman of News Corp., said in a tweet on his Twitter account that he had “strong word” that Tribune Publishing Co.’s newspaper group will bought by a “big Wall Street firm.” He also said that the Los Angeles Times would be split off and be purchased by philanthropist Eli Broad and local group.
The Tribune Publishing Co., the parent of the Los Angeles Times, has announced that they have appointed Timothy E. Ryan as the Publisher and CEO of the Los Angeles Times and The San Diego-Union Tribune, according to a press release issued by the Tribune Publishing.
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