Los Angeles Times
At least two private equity firms that teamed up seven months ago in an unsuccessful attempt to acquire Knight Ridder submitted nonbinding letters of interest in Tribune on Friday, reports
James Rainey. "No one will buy this and keep it whole," says an executive at a private equity firm that submitted a bid. "They'll do the dirty work of selling off the pieces that the board doesn't want to do."
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Taxes might stymie sale of Baltimore Sun, other Tribune papers (Sun)
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Potential Tribune bidders now eyeing Clear Channel assets (ChiTrib)
