Entering text into the input field will update the search result below

Tribune Publishing +9.6%, denies Murdoch rumor that it's discussing sale

Nov. 30, 2015 5:56 PM ETTribune Publishing Company (TPCO) StockAPO, NWSA, TPCOBy: Jason Aycock, SA News Editor
  • Tribune Publishing (TPUB) finished today up 9.6%, but went on the record to dispute a claim from no less than Rupert Murdoch that the company was in talks to split and sell itself.
  • “Tribune Publishing remains committed to its strategy and transformation plan and is not engaged in discussions or a process to sell the company,” it said in a memo to staff.
  • Murdoch ([[NWS] +0.6%], NWSA +0.7%) had used his Twitter account to say there was "strong word" that a "big Wall Street firm" would buy Tribune and the Los Angeles Times would be sold to a group led by Eli Broad.
  • Apollo Global Management (NYSE:APO) has reportedly told Tribune Publishing's chairman, Eddy Hartenstein, that it was interested in buying the company, though Tribune has declined to schedule meetings.

Recommended For You

More Trending News

Related Stocks

SymbolLast Price% Chg
TPCO--
Tribune Publishing Company