Sentinel Parent Company in Financial Straits.

Tribune investor urges split or sale of company

What does this mean for our own Tribune-owned Orlando Sentinel? Not much really, but it would be interesting to hear how announcements like this affect morale around our local newspaper. Tribune’s debt rating also got lowered to “junk” status which I imagine won’t do much for their stock prices.

Sentinel employees are allowed to buy Tribune stock at a 15% discount to encourage employees to invest in the company. Anyone over there selling off their stock just in case? Most likely Tribune will sell off one of its other properties but wouldn’t that be a hell of a thing if say someone like News Corporation picked up our little paper (considering that it is one of the only Tribune papers turning a profit still, I think)?

I know some Sentinel peeps graze here once in a while, how’s the feeling over there?

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