Financial Times FT.com

Another Tribune unit put on auction block

By Julie MacIntosh in New York

Published: May 29 2008 00:10 | Last updated: May 29 2008 00:10

Tribune Company is attempting to sell off another business – this time, its Tribune Media Services unit, which distributes news and entertainment listings – to boost its short-term liquidity.

Tribune, the second-largest US newspaper publisher, has roughly $13bn of debt, with $1.85bn due in 2008 and 2009, following its deal last year to be bought by Sam Zell, the real estate investor.

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