Tribune Publishing’s newspaper group is set to be acquired by “a big Wall Street firm” according to media mogul Rupert Murdoch who revealed the news in a tweet last night (27 November).
The company, which owns LA Times, will apparently split off the title as part of the sale, according to the News Corp executive chairman. It will be sold to a group of investors including businessman and philanthropist Eli Broad, Murdoch said.
Strong word Tribune newspaper group to be bought by big Wall St firm, LA Times to go to philanthropist Eli Broad and Read full story ›
Source: The Drum
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