Tuesday, November 28, 2006

Tribune Co. Rejects Consortium Inquiry About Baltimore Sun

From Washington Post, November 28, 2006:
The embattled Tribune Co., which has put its 11 newspapers and 25 television stations up for sale, is not ready to consider bids for individual properties, the company said in an e-mail exchange with a Baltimore investor group.

Ted Venetoulis, a businessman and former local politician, is leading a consortium of prominent Baltimoreans who want to buy the Sun, if Tribune decides to break up the company and sell it piece by piece.

...
...Tribune declined Venetoulis access to the Sun's books, saying the company continues to seek a single buyer for all of its properties.

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