October 25, 2007
Tribune to Sell Southern Connecticut Newspapers CHICAGO, Oct. 25, 2007
Tribune Publishing, a division of Tribune Company (NYSE:TRB), today announced the sale of its Southern Connecticut Newspapers, The Advocate (Stamford) and Greenwich Time, to Hearst Corporation for $62.4 million. The newspapers will be managed by MediaNews Group, Inc., under an existing joint venture agreement with Hearst.
The transaction is expected to close within the next few weeks. It does not include real estate in Stamford and Greenwich, which Tribune plans to sell separately.
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