One of the decliners in the newspaper sector today was Tribune Co. (TRB), which is in the midst of a strategic review that could include the possible sale of the company. A Reuters report late Wednesday said that there may be a sale of only certain segments of Tribune, or no sale at all.
While a number of private-equity firms considered or made bids early in the auction process, several of them are now shying away from Tribune, the news agency said.
Tribune shares were down 1.4% at $32.16.
UPDATE: 10:45 AM Tribune shares down 2.85% at $31.69 and falling.
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