Tribune Co hires bankers to sell newspaper assets-CNBC

Tue Feb 26, 2013 12:59pm EST

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Feb 26 (Reuters) - Tribune Co has hired investment bankers to sell off its newspaper unit, which includes The Los Angeles Times and Chicago Tribune, CNBC reported on Tuesday.

The company has hired Evercore and J.P. Morgan to run an auction for the newspapers, the network said. The company emerged from bankruptcy last year, and was expected to pursue a sale of the newspapers.

Tribune declined to comment on the report.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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