Could Tribune be Sold As-Is?
Tribune Media could try to sell itself in one piece.
CTFN reports two bankers have said this, despite the fact that the company’s parts are more valuable separately.
One said Tribune’s parts are worth about $2 to $3 billion more than the current enterprise value.
Tribune’s assets are too diverse to attract many buyers for the entire company, according to the account, which also reports Tribune could talk to private equity.
Although private equity, too, could split up the company and offer parts for sale.
We reported last week the media company hired two financial advisors to evaluate every asset to determine how Tribune can boost its stock price. That could mean selling some assets, or entering into partnerships or other alternatives. Tribune President/CEO Peter Liguori told Wall Street analysts “The goal is to unlock the value of our stock.” The company has not put a timeline on the process.