Owners of Southern California dailies eye Tribune papers

Apparently, San Diego Union-Tribune owner Doug Manchester and Orange County Register owner Aaron Kushner are interested in acquiring Tribune's stable of newspapers, according to people familiar with the situation.

The Tribune Co, owner of the Los Angeles Times and the Chicago Tribune, will be seeking buyers for its newspapers once it emerges from bankruptcy, expected by December 31, these sources said. Oaktree Capital Management, JPMorgan Chase & Co and Angelo, Gordon & Co, the controlling Tribune owners, made the decision to sell off its print business to focus instead on Tribune's television stations in cities like Chicago, New York, and Seattle, sources said.