Our Core Business is in Eroding Value
Tribune today announced that it may seek the sale of certain non-core assets to concentrate on its core business.
One of those assets under consideration is its 33% stake in Careerbuilder.com. What a bone headed idea! Sell off the one business that has been doing amazingly well in recent times and has the opportunity to drive a huge part of their earnings growth in the coming years while holding on to flat revenue growth and double digit cost growth newspapers.
Tribune also said they didn’t want to sell the LA Times. Maybe that’s because no one would buy it?
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