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Tribune Publishing News Corp Rupert Murdoch

Tribune Publishing denies Rupert Murdoch's sale rumour

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By John McCarthy, Opinion Editor

December 1, 2015 | 2 min read

Tribune Publishing has refuted a tweet from Rupert Murdoch claiming it was to be snapped up by a Wall Street investment group.

Following Murdoch stating that he had a “strong word” regarding the potential sale of the group which owns the Chicago Tribune, Los Angeles Times, Orlando Sentinel and more, stocks were up 4.3 percent at $9.69 (£6.42) on Monday, according to Reuters.

However, the company issued an employee email to combat the rumours: “Tribune Publishing remains committed to its strategy and transformation plan and is not engaged in discussions or a process to sell the company.”

The statement clashes with a report from Politco claiming that Apollo Global Management had expressed interest in the company.

Tribune Publishing News Corp Rupert Murdoch

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