Tribune Publishing denies sale rumour

Tribune Publishing Co. on Monday denied a rumor started by media mogul Rupert Murdoch that the news organization was on the verge of being sold, saying it is “not engaged in discussion or a process to sell the company.”
Tribune Publishing, which owns the Los Angeles Times, Chicago Tribune and several other newspapers, sent a message to its employees addressing what it called “media speculation.”
The speculation began Friday when Murdoch, co-chairman of News Corp., said on Twitter that he had heard Tribune Publishing would be sold and that The Times would be spun off to a local group involving billionaire philanthropist Eli Broad.
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