Sam Zell Considers Buying the Orange County Register
The Financial Times reports:
Tribune Company is considering whether it can buy the Orange County Register and fuse it with its flagship Los Angeles Times to consolidate the Los Angeles newspaper market, as owner [Sam Zell] scrambles to find ways to save the debt-swamped newspaper company.
Tribune has held talks over a deal to either buy the Orange County Register from its owner, Freedom Communications, or to strike up an agreement through which the Orange County Register and LA Times could combine production and distribution operations to save money, according to media industry sources.
– Per LA Observed
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