
Julie Moreno
A deal is in the works to sell the East Valley Tribune and keep the Pultizer Prize-winning newspaper alive after the New Year, according to two sources familiar with conversations within the company.
Publisher Julie Moreno told reporters and editors during a conference call at 1 p.m. today that the parent company, Freedom Communications, has received a “letter of intent” to purchase the printing press and keep a significant number of employees, the sources said.
The Tribune also posted news of the potential deal on its website this afternoon.
Moreno would not name the potential buyer, telling employees only that the deal has “developed very quickly” and that “Freedom considers it serious and is supportive of it,” said one of the sources.
Moreno was at Freedom’s headquarters in Irvine, Calif., when the call took place, both sources said. Taking questions from reporters, she declined to say whether the buyer was an individual, a group of investors or another media company.
Moreno also said it is possible the Tribune’s downtown Mesa building – a property assessed at close to $7 million – will not be part of the deal.
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