Tribune media empire set for break-up

It is increasingly likely that the troubled US media empire owned by theTribune company will be broken up. The proprietor of the Los Angeles Times, the Chicago Tribune, several TV stations and the Chicago Cubs baseball team is currently worth $7.6bn (£4bn). But no buyer wants to take it all at the kind of price that would satisfy Tribune's warring shareholders. So a piecemeal sell-off looks imminent. Entertainment mogul David Geffen, supermarket magnate Ron Burkle and property developer Eli Broad have expressed interest in the LA Times. (Via WARC)