Out of Bankruptcy, Tribune Company Plans to Sell Pretty Much Everything

By Chris O'Shea Comment

Anyone want to buy a newspaper? How about a TV station? Or maybe you’re more of a web fan, in which case careerbuilder.com might interest you. Either way, if you’re a media mogul with deep pockets, The Tribune Company has something for you.

The company has just emerged from bankruptcy with a new board, and they’re planning a fire sale. According to the Chicago Tribune, the Tribune Company wants to sell its eight newspapers, 23 TV stations and various sites, like Career Builder.

The papers — which include heavyweights like the Tribune and The Los Angeles Times — are only valued at about $623 million total. The TV stations and web properties — including WPIX and national cable channel WGN — are worth much more; at about $2.85 billion.

Somewhere, Rupert Murdoch, Michael Bloomberg and Warren Buffett are counting up the change in their respective piggy banks.