Posted inBusiness

Big-business battle heats up: Times, Tribune sale coming?

The second-largest shareholder of Los Angeles Times owner Tribune Publishing says that passing up a buyout offer from rival publishing company Gannett could “destroy enormous shareholder value.” In a letter sent to Tribune’s board and filed with the U.S. Securities and Exchange Commission, downtown L.A. investment firm Oaktree Capital Management made clear it wants the board […]

Gift this article