High-Tech

News > Technology > High-Tech > Tribune approves spinoff of publishing company

Tribune approves spinoff of publishing company

NEW YORK (AP) — Tribune Co. says it has approved a spinoff of its newspaper publishing business. It's expected on August 4. It first announced plans to separate its television and print businesses a year ago. The new company will be called Tribune Publishing Co. and include newspapers such as the Los Angeles Times and Chicago Tribune. Its shares are set to start regular trading on the New York Stock Exchange under the symbol "TPUB" on August 5. Tribune, with 42 local TV stations and the WGN America cable channel, will operate under the name Tribune Media Co. Shareholders of Tribune's Class A and Class B common stock and warrants will receive a quarter of a share of Tribune Publishing for each Tribune share they own.

High-Tech

LOS ANGELES (AP) — Former Microsoft CEO Steve Ballmer is stepping down from the company's board, bringing to a...
NEW YORK (AP) — Privacy-wary parents are increasingly pausing before they post photos, names and other information...
NEW YORK (AP) — Behold the cascade of baby photos, the flood of funny kid anecdotes and the steady stream of...
NEW YORK (AP) — HTC will start making a version of its flagship HTC One phone with Microsoft's Windows software...
WASHINGTON (AP) — After promising not to withhold government information over "speculative or abstract fears," the...