Tribune Publishing (TPUB) Posts Q1 EPS of $0.10
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Tribune Publishing (TPUB) to Acquire MLIM, LLC, in $85M Deal
May 8, 2015 6:43 AM EDTTribune Publishing (NYSE: TPUB) announced it has entered into an agreement to acquire MLIM, LLC, owner of the San Diego Union-Tribune, as well as nine community weeklies and related digital properties in San Diego County. The purchase price is $85 million, which includes $73 million in cash and $12 million in Tribune Publishing common stock, plus the assumption of obligations for a single-employer pension plan. Tribune Publishing will not be taking possession of the sellers real-estate assets. The transaction is expected to close in the second quarter of 2015, subject to customary closing conditions.
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