Deadline nears for new Tribune bids

DEADLINE NEARS FOR NEW TRIBUNE BIDS
[SOURCE: Financial Times, AUTHOR: Joshua Chaffin and James Politi]
The auction for Tribune Company is expected to heat up as the deadline approaches for a new round of bids for the newspaper and television conglomerate. Tribune’s bankers have asked for final offers for the company in mid-January in the hope of wrapping up a sale or restructuring of one of the largest US media groups. So far, the auction has been sluggish, hindered in part by the tax consequences for Tribune if it were to sell any of its papers individually. Analysts and bankers following the sale have speculated on a range of possibilities, including a management-led buy-out of the entire company or just the company’s Chicago assets, or the sale of select television stations.
http://www.ft.com/cms/s/fb53a04c-9b7d-11db-aa70-0000779e2340.html
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