The beleaguered US media company, Tribune, is seeking a single buyer for all of its newspapers, reports Bloomberg.
Tribune, which emerged from bankruptcy at the end of 2012, owns the Los Angeles Times, the Chicago Tribune and six other daily papers. A single transaction would certainly simplify matters for Tribune, which also runs 23 TV stations.
One possible buyer is Freedom Communications, which publishes the Orange County Register and other papers in California and Arizona.
But there are bidders for individual titles. Rupert Murdoch's News Corp has expressed interest in acquiring the LA Times, for example, and the company that owns the Chicago Sun-Times would like to buy its rival, the Chicago Tribune.
And Warren Buffett is reported to be keen to add the Morning Call, the paper that serves Allentown, Pennsylvania, to his ever-growing newspaper stable.
Source: Bloomberg
