Report: Tribune Co. seeks single buyer for all its newspapers

latimes-from-broadway.jpgThe package deal would include the LAT, Chicago Tribune, Baltimore Sun and six other daily papers, Bloomberg reports, citing sources. A single transaction would be easier, but it would also mean fewer interested parties. Several potential bidders have shown some interest in individual papers, but not the entire portfolio. Keep in mind that the sale process is at an early stage, and there's no telling who might emerge with what kind of price. JPMorgan Chase and Evercore Partners were recently hired as financial advisers.

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
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