US: Tribune postpones decision date
Like many of the other locals hoping to buy a one of the Tribune’s assets, the Baltimore group hopes to acquire the Sun through the Tribune directly or from another company if the Tribune chooses to sell all its assets together.
Continued speculation of the Tribune’s sale leads to more private v. public discussion. "If [the owners] understand what a good newspaper can do, both financially and for their city, it will be a very good trend,” said “The Media Monopoly” author Ben Bagdikian. “If they don't have political axes to grind, they will discover -- if they run it as a serious newspaper with staffs that do serious reporting, and have sufficient regional and international reporting -- that metropolitan newspapers are very profitable."
Source:Morning Star, The New York Times, Editor & Publisher
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Mr john SMITH.
Thanks.
How much is this company worth -- now? I think that's the real question all the potential buyers are trying to work through. The first offers said: we'll pay what the market price currently is, no premium. Now look, at recent events: newspaper companies forced to share revenues they've never shared before with Google and Yahoo, when you look at recent "partnerships" recently announced. The Tribune's CareerBuilder, one of its prized and sellable assets, isfurther challenged by a reinvigorated Yahoo HotJobs. To make matters worse, a Democrat-controlled Congress is unlikely to push the FCC to soften any further the cross-ownership regulations, which would make Tribune's TV station assets more valuable. Not a good month for pushing up Tribune value.
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