Tribune Company Spinoff Threatens 'L.A. Times'
The New York Times, Monday, December 23, 2013 1:45 PM
The future of the Los Angeles Times and The Chicago Tribune (and six other newspapers) could be in jeopardy due to their planned spinoff from their parent, the Tribune Company, according to "staff members, industry analysts and a congressman" quoted by Ravi Somaiya. "Under the proposal, outlined in a recent securities filing, the newspaper business will pay rent to its former parent company, as well as a dividend."Read the whole story at The New York Times »