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Tribune splitting newspapers, broadcasting

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Wednesday, July 10, 2013

Chicago Tribune: Tribune Co. will split off its publishing business into a separate company, one week after announcing a deal to buy 19 television stations.

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

In effect, the move confirms Tribune Co. CEO Peter Liguori's vision of shaping the company's future around television, thus rejecting the company's long-held belief in the power of being a media conglomerate with interests in publishing and broadcasting.

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