LA Times Sale

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The announced sale this week of the Los Angeles Times and San Diego Union-Tribune by Tronc raises questions about the future ownership of the Hartford Courant.

As you know, Tronc owns the Courant. The sale of the LA Times suggests the Courant’s parent is open to sell off its papers one at a time if the price is right. Other news reporting from the business pages suggests Tronc is moving toward larger investments in its digital assets.

The Los Angeles and San Diego papers were purchased this week by Patrick Soon-Shiong, a California investor and healthcare entrepreneur, for $500 million.

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