Tribune bids expected Friday

By David B. Wilkerson, MarketWatch

CHICAGO (MarketWatch) - A host of private equity bids for beleaguered newspaper publisher and broadcaster Tribune Co. are expected Friday, according to a published report, setting the stage for the latest step away from the public markets for a traditional media company.

Tribune Co. (TRB), officially set to decide by the end of this year whether to put itself on the block under intense pressure from its largest shareholder, is seen offers from several investment firms by the end of the day, according to the Tribune-owned Los Angeles Times.

A Tribune spokesman did not immediately return a call seeking comment.

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