Tribune Co. Buys Times-Mirror

Share this article:
The Tribune Co., Chicago, yesterday agreed to buy the Times Mirror Co. for $8 billion in cash and stock. The deal is expected to create the third-largest newspaper chain in the United States.


The merger was approved Sunday by the Times Mirror's board of directors and is awaiting review by federal regulators. If approved the deal will create a company with a total circulation of 3.6 million in the nation's three-largest cities, placing it behind only Gannett Research and Knight Ridder. In addition to The Chicago Tribune, the Tribune company owns 22 television stations, cable and satellite stations, as well as numerous Internet entities. The Times Mirror Co. publishes the Los Angeles Times, the Baltimore Sun and the Hartford Courant, among others.
Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs: