Wall Street Journal (06/12/13) William Launder
Tribune Co. is auctioning off its newspapers, which could affect Tribune’s interest in its digital assets, including ASA corporate partner CareerBuilder.com. Among other things, a sale of the papers could obviate valuable agreements under which the papers sell local ads on behalf of CareerBuilder.com. Tribune owns approximately 31% of CareerBuilder, which is one of the papers’ most valuable assets. “The digital assets are well positioned to grow while the print assets are struggling to figure out how long they can survive,” says Lance Vitanza, a managing director and partner at CRT Capital Group.
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