Tribune Takes Next Step for Newspaper Sales

http://www.mediapost.com/publications/article/194474/tribune-hires-bankers-to-help-sell-metro-newspaper.html#axzz2M8SjSGVV

Tribune Co. has taken another step closer to selling its newspapers with the retention of Evercore Partners and JPMorgan Chase to oversee the auction, according to the company’s flagship Chicago Tribune. 
The sale of Tribune’s newspaper properties -- including the Chicago Tribune, Los Angeles Times, The Baltimore Sun, and five other daily newspapers -- was widely expected as a follow-up to the company’s bankruptcy reorganization plan. Ownership passed to creditors, including Oaktree Capital Management, Angelo, Gordon & Co. and JPMorgan at the end of last year.