The Tribune Co. has hired investment banks to pursue a sale of its top newspapers, including the Chicago Tribune and the Los Angeles Times, a person briefed on the matter said Tuesday.
The media company, which emerged from bankruptcy late last year, has hired JPMorgan Chase and Evercore Partners to run the process, said this person, who spoke on condition of anonymity.
Tribune’s move comes as little surprise. Speculation has been swirling around the media industry for some time that a number of potential suitors had emerged for the company’s holdings, a lot that may include News Corp.
