LOS ANGELES-The Tribune Co. has named Murray McQueen to the new position of president/real estate. He will be charged with assessing the company's real estate holdings.
As previously reported by GlobeSt.com, some analysts believe that any potential sale of the L.A. Times and other Tribune Co. newspaper publishing assets may hinge on their real estate value rather than intellectual property worthiness. McQueen's appointment and other recent Tribune Co. executive statements seem to indicate the company is at least considering that possibility.
McQueen will be responsible for the strategic development of the company's real estate portfolio, including the historic Tribune Tower in Chicago and Times Mirror Square in downtown Los Angeles. He also will oversee the management of all property leasing activities. McQueen assumes his new duties immediately.
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