According to Channick, that’s the date Tribune Co. has set for completion of the spinoff of Tribune Publishing. From his item:
The spinoff date was included in a presentation for lenders conducted by Tribune Publishing June 17 in New York, according to sources. Tribune Publishing is seeking to raise $350 million in conjunction with its planned spinoff from Tribune Co.
On the minus side, Channick couldn’t get a statement of comment from a Tribune Co. spokesperson. Read his full report here.
P.S. The forthcoming NYSE symbol for Tribune Publishing – TPUB – could also be the rap music moniker for an angry former print journalist. In this dog-eat-dogs digital age, that somehow seems perfectly appropriate. (“A year ago, I had newsroom clout; Now all I got is freelance doubt…”)
[H/T: Ken Bensinger]
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