Tribune Disputes Rupert Murdoch’s Claim It’s Selling Company and LA Times
“Tribune Publishing remains committed to its strategy and transformation plan and is not engaged in discussions or a process to sell the company,” email to staff says
Jordan Chariton | November 30, 2015 @ 6:24 AM
Last Updated: November 30, 2015 @ 6:58 AM
Tribune Publishing disputed Rupert Murdoch’s claim on Monday that it’s in negotiations to sell the company.
An email to staff addressed reports that the media giant would be bought by a Wall Street firm and that the Los Angeles Times would be bought by philanthropist Eli Broad.
Tribune is “not engaged in discussion or a process to sell the company,” it said in the staff memo.
“As our board of directors noted earlier this fall, and as we articulated in our November earnings call, Tribune Publishing remains committed to its strategy and transformation plan,” the company added.
Tribune was approached recently by Apollo Global Management, who told board chair Eddy Hartenstein it was interested in buying Tribune, according to industry analyst Ken Doctor.
But Tribune has been “non responsive” to overtures by the management company, declining to schedule meetings, Doctor reported.
15 Times Donald Trump Courted Controversy (Photos)
The U.S. Justice Department accused Trump of not renting to minority tenants in 1973.
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In September 2010, Trump accused the imam of a proposed mosque near NYC's Ground Zero of using religion to bargain for a better real estate price.
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Joining the dubious "birther" movement, Trump fought to get President Obama to release his long-form birth certificate in April 2011.
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Trump earned the ire of environmentalists when he unveiled plans for a massive golf course in Scotland in July 2012.
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Trump upset gay rights groups when he compared gay marriage to golf in February 2013.
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In August 2013 Trump was the subject of a civil suit for allegedly false promises made to students of his Trump University.
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A new waterfront Chicago skyscraper opened in 2014 despite widespread complaints about the 20-foot-high sign bearing his name.
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Trump began a feud with Russell Brand after seeing the British comedian on a talk show and disliking what he saw.
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Trump minced no words when he tweeted about the "thugs" rioting in Baltimore in April 2015 following the death of an African American man in police custody.
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Announcing his bid for the GOP nomination in June 2015, Trump set off a media firestorm when he called Mexican immigrants criminals and "rapists."
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Trump reportedly paid actors $50 a head to attend his presidential announcement speech in June 2015.
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Billionaire’s recent public image problems are latest in long line of troubles
The U.S. Justice Department accused Trump of not renting to minority tenants in 1973.