LOS ANGELES-The value of real estate holdings may prove a key to any potential sale of the Los Angeles Times and other Tribune Co. newspaper properties, experts say.
Tribune Co. said last week that it will spin-off its newspaper publishing businesses into a separate company from its other media holdings, which will include 42 local television stations after a recent purchase of 19 local stations; national cable channel WGN America; WGN Radio; Tribune Studios; Tribune Digital Ventures; Tribune Media Services; plus equity interests in CareerBuilder and the Food Network. The Tribune Co. owns the L.A. Times, Chicago Tribune and six other daily newspapers.
The new company would be called Tribune Publishing Co. Such a spinoff, analysts say, would allow Tribune Co. to sell its newspapers while avoiding a large capital gains tax and sets the stage for a potential sale in the next year.
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