Feb 26, 2013
Tribune Co. has hired investment bankers to oversee the auction of its eight newspapers, including the Baltimore Sun, after much speculation whether the media company would sell its newspapers following its emergence from bankruptcy, CNBC reported Tuesday.
Tribune Co. hired Evercore Partners (NYSE: EVR) and J.P. Morgan (NYSE: JPM) to oversee the auction during the next few weeks of its eight newspapers, CNBC reported. In addition to the Sun, other papers include the Chicago Tribune and Los Angeles Times.
Tribune emerged from bankruptcy protection in December after going bankrupt in 2008.