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Times Mirror mags could be tough sell; Management may buy unit from Tribune.(Brief Article)(Statistical Data Included)
Crain's Chicago Business, August, 2000 by FINE, JON
Times Mirror Magazines may not be the most attractive offering on the auction block, but the Tribune Co. unit has still caught the eyes of several suitors. Gruner & Jahr USA Publishing, Hachette Filipacchi Magazines, American Media, Emap USA and Ziff Davis Media are among the potential bidders.
There are also rumors of a management buyout, although Times Mirror insiders declined comment on that possibility. Prospective buyers last week received their first looks at the ``black book,'' from Merrill Lynch & Co., with detailed financial information on the magazine group. After its acquisition of Times Mirror Co., parent of the Los Angeles Times, Chicago-based Tribune Co. announced in late June that it would explore a sale of the magazine division since it does not...
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