Will Meredith Help Tribune ‘Unlock’ Value of Its Stock?

By Kevin Eck 

Last week, when Tribune CEO Peter Liguori said he wanted to “unlock the value” of Tribune stock, many looked at it as if Liguori had hung a For Sale sign on Tribune’s local stations.

This week, Bloomberg reports its sources say Meredith may want some of those stations, particularly the ones Tribune acquired from Local TV in 2013.

“While Tribune would prefer a single buyer for tax purposes, the company is more likely to sell itself in pieces,” reports Bloomberg. “According to people familiar with the matter, who asked not to be named because the discussions are private.”

Of course, as Bloomberg points out, there’s no guarantee the phrase unlocking value in a stock means selling off stations.

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