Financial Times FT.com

Tribune considers purchase of local rival

By Julie MacIntosh in New York

Published: October 22 2008 23:39 | Last updated: October 22 2008 23:39

Tribune Company is considering whether it can buy the Orange County Register and fuse it with its flagship Los Angeles Times to consolidate the Los Angeles newspaper market, as owner Samuel Zell scrambles to find ways to save the debt-swamped newspaper company.

Tribune has held talks over a deal to either buy the Orange County Register from its owner, Freedom Communications, or to strike up an agreement through which the Orange County Register and LA Times could combine production and distribution operations to save money, according to media industry sources.

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