FishbowlDC TVNewser TVSpy LostRemote AgencySpy PRNewser GalleyCat SocialTimes

Out of Bankruptcy, Tribune Company Plans to Sell Pretty Much Everything

Anyone want to buy a newspaper? How about a TV station? Or maybe you’re more of a web fan, in which case careerbuilder.com might interest you. Either way, if you’re a media mogul with deep pockets, The Tribune Company has something for you.

The company has just emerged from bankruptcy with a new board, and they’re planning a fire sale. According to the Chicago Tribune, the Tribune Company wants to sell its eight newspapers, 23 TV stations and various sites, like Career Builder.

The papers — which include heavyweights like the Tribune and The Los Angeles Times — are only valued at about $623 million total. The TV stations and web properties — including WPIX and national cable channel WGN — are worth much more; at about $2.85 billion.

Somewhere, Rupert Murdoch, Michael Bloomberg and Warren Buffett are counting up the change in their respective piggy banks.

Mediabistro Course

Middle Grade Novel Writing

Middle Grade Novel WritingStarting January 15, work with a literary agent to write your middle-grade novel! In this course, you'll learn how to develop strong characters, write compelling dialogue, master the art of revision, and market your work to publishing houses and agents. Register now!