Tribune (TRBAA) is all set to spin off its publishing assets, Tribune Publishing, after the company’s board of director’s formally approved the move a few weeks ago. The spinoff is set to take place on August 4th to shareholders as of July 28th. The new company will trade on the NYSE under the ticker ‘TPUB’ and both Tribune shareholders and warrant… Read More »
Tribune’s (TRBAA) upcoming publishing spinoff is on track to be completed later this year and as part of the transaction, the new company will issue new debt in order to fund a dividend to the parent company. While not an uncommon feature of spinoff transactions, the move is drawing a lot of negative attention from news outlets and… Read More »
Just a day after Tribune (TRBAA) announced that it would be separating its publishing assets into a new company, speculation has already started about who will be the next media company to follow the breakup trend. With News Corp’s (NWSA) spinoff completed and Time Warner’s (TWX) on track, the WSJ tossed out Gannett’s (GCI) name as a possible… Read More »