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The shoe finally drops. Long time rumors are coming true. The Union-Tribune has put itself up for sale. In an announcement to employees today (July 24) Union-Tribune president Gene Bell said, "the Copley Press is announcing today that it is exploring strategic alternatives, a phrase usually associated with putting a company up for sale." Bell said that a sale of the company and its largest asset the Union-Tribune is the most likely alternative but not the only one. He goes on to say that he believes that newspapers have a good future and home deliveries are doing well.
The shoe finally drops. Long time rumors are coming true. The Union-Tribune has put itself up for sale. In an announcement to employees today (July 24) Union-Tribune president Gene Bell said, "the Copley Press is announcing today that it is exploring strategic alternatives, a phrase usually associated with putting a company up for sale." Bell said that a sale of the company and its largest asset the Union-Tribune is the most likely alternative but not the only one. He goes on to say that he believes that newspapers have a good future and home deliveries are doing well.