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Tribune Co. to spin off newspapers

Tribune Co. to spin off newspapers

One week after boosting its broadcasting holdings with the announcement of a deal to purchase 19 television stations,  Tribune Co. said Wednesday morning it intends to spin off its publishing business into a separate company.  

The move would separate Tribune Co.’s publishing assets, including the Chicago Tribune, Los Angeles Times, The Baltimore Sun and five other daily newspapers, from the Chicago-based media company’s more profitable broadcasting holdings, ending decades of evolution together under one roof. 

"Moving to separate our publishing and broadcasting assets into two distinct companies will bring single-minded attention to the...