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Buyers Are Circling Tronc After Split With Flagship L.A. Times
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Hearst said to be interested in buying some Tronc newspapers
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Chicago Tribune suitor is little-known in city’s media circles
Tronc Inc., the newly slimmed-down newspaper publisher, could get even slimmer.
After completing the sale of the Los Angeles Times to billionaire Patrick Soon-Shiong, the Chicago-based company must now decide whether to forge ahead in the news business without its crown jewel or unload more -- perhaps even all -- of its other newspapers. While the $500 million sale helped Tronc repay debt, it left the company without an asset that had contributed about a third of its sales in a struggling industry.