Tribune Publishing CEO: We're buying newspapers

Tribune Publishing CEO Jack Griffin isn't selling off newspapers. He wants to acquire more of them. Despite all the speculation about a sale of Chicago Tribune, the Los Angeles Times and/or the other Tribune dailies, Griffin is setting his sights -- at least at the start of his tenure at soon-to-be-independent Tribune Publishing -- on buying smaller newspapers in or near his existing markets.

“We think there are more of these opportunities around the country that are geographically adjacent to where we run big papers and big brands, and that over time we can achieve similar kinds of consolidation and acquisition opportunities that are going to add meaningfully to our footprint and our revenue and our profit,” Griffin said.