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Reuters

Tribune Publishing Denies Reports That It’s in the Process of Selling the Company

Nov 30, 2015  •  Post A Comment

Tribune Publishing Co. has issued a denial of reports that surfaced Friday that indicated the company was in the process of being sold. As we reported over the weekend, the reports followed a tweet Friday from News Corp. boss Rupert Murdoch suggesting that Tribune would be bought by a Wall Street company.

Reuters quotes a letter today to Tribune employees, which was also filed with the Securities and Exchange Commission, in which the company says: “Tribune Publishing remains committed to its strategy and transformation plan and is not engaged in discussions or a process to sell the company.”

Reuters notes that shares in Tribune Publishing were up 4.3% at $9.69 in early trading today.

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