Tribune plans to split into 2 companies - FOX 13 News

Tribune plans to split into 2 companies

Posted: Updated:

CHICAGO (AP) -- Tribune Co. says it wants to split its broadcasting and publishing businesses into two companies.

Tribune says the move will let one company takes advantage of growth in broadcasting while the other focuses on newspapers, where revenue has been falling.

Chicago-based Tribune owns 23 TV stations and cable network WGN America, along with the Chicago Tribune, Los Angeles Times and other newspapers. Earlier this month, it announced plans to buy Local TV Holdings and its 19 television stations for $2.73 billion.

The newspapers would be spun off into an independent company to be called Tribune Publishing Co.

The remaining company would include Tribune's local television stations; WGN radioand cable networks; its television production, digital and media services ventures; and its interests in other companies and real estate.

  • Your MoneyMore>>

  • Glamsquad app

    Hair and makeup house call

    Hair and makeup house call

    Tuesday, August 26 2014 10:27 PM EDT2014-08-27 02:27:35 GMT
    A new app is bringing the star treatment to the masses. Glamsquad delivers a hair and makeup artist to your doorstep.I invited them over to my place. Kelly did my makeup and Erin styled my mane. They helped me select a look from examples on the app and they encouraged me to tweak the looks to fit my style.
    A new app is bringing the star treatment to the masses. Glamsquad delivers a hair and makeup artist to your doorstep.I invited them over to my place. Kelly did my makeup and Erin styled my mane. They helped me select a look from examples on the app and they encouraged me to tweak the looks to fit my style.
  • Passing on your online accounts after you die

    Passing on your online accounts after you die

    Tuesday, August 26 2014 10:07 PM EDT2014-08-27 02:07:19 GMT
    Your Facebook page or email could soon be passed on in a will just like physical property. Delaware is the first state to allow heirs access to their loved ones' digital legacies. Pedram Tabibi, a social media attorney, says in many cases this can be vital information, like banking and health data. He says current terms and conditions for websites such as Apple, Amazon, and Google won't let an account get passed onto someone else.
    Your Facebook page or email could soon be passed on in a will just like physical property. Delaware is the first state to allow heirs access to their loved ones' digital legacies. Pedram Tabibi, a social media attorney, says in many cases this can be vital information, like banking and health data. He says current terms and conditions for websites such as Apple, Amazon, and Google won't let an account get passed onto someone else.
  • Potential buyer looks at Showboat Casino

    Potential buyer looks at Showboat Casino

    Tuesday, August 26 2014 3:05 PM EDT2014-08-26 19:05:43 GMT
    Caesars Entertainment is showing the soon-to-close Showboat Casino Hotel to "an interested party," but won't say who it is.Company spokesman Gary Thompson told The Associated Press that Caesars officials were showing the Showboat on Tuesday to a party that had expressed interest.
    Caesars Entertainment is showing the soon-to-close Showboat Casino Hotel to "an interested party," but won't say who it is.Company spokesman Gary Thompson told The Associated Press that Caesars officials were showing the Showboat on Tuesday to a party that had expressed interest.
Powered by WorldNow

FOX 13 / WTVT-TV
3213 West Kennedy Blvd.
Tampa, Florida 33609
Main: (813) 876-1313
Newsroom: (813) 870-9630
Fax: (813) 871-3135

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices