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Tribune Co. hires banks to manage offers for newspapers
Tribune Co. hires banks to manage offers for newspapers

Tribune Co. has hired two investment banks to manage offers to buy its newspapers, executives said Tuesday, adding that no decisions have been made about whether to sell any properties. JPMorgan Chase and Evercore Partners will oversee a process to consider offers for Tribune Co.’s publishing assets, including The Baltimore Sun, Chicago Tribune, Los Angeles Times and five other newspapers. JPMorgan is an owner of Tribune Co. “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...

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