Wednesday, September 3, 2008

Trib Sells Small Stake in Career Builder

Tribune continues selling assets to raise cash. Most recently it sold a 10 percent stake in Career Builder for $135 million to Gannett, which now holds 51 percent or a controlling interest in the Web site.

Tribune retians 31 percent ownership, while McClatchy has 14 percent and Microsoft owns 4 percent.

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