July 10 Tribune Co, which emerged
from bankruptcy protection in December, said it plans to
separate its newspaper publishing and broadcasting businesses.
The company's publishing assets, which includes the Los
Angeles Times and the Chicago Tribune, will be grouped into the
Tribune Publishing Co, it said.
Its other assets, including 42 local television stations,
would remain under Tribune Co.
"The two companies resulting from this transaction would
each have revenues in excess of $1 billion and significant
operating cash flow," Tribune Chief Executive Peter Liguori
Plans for the separation would be developed over the next
nine to 12 months, Tribune said.