Tribune Co. to Spinoff Tribune Publishing

As of August 4 the Tribune Company will spin off its newspaper division, Tribune Publishing. The newspaper division includes the Los Angeles Times, the Chicago Tribune, and six other daily newspapers.

Tribune Publishing will spin off from Tribune Co. on Aug. 4, the new publishing company confirmed Tuesday.

Tribune Publishing has applied to have its common stock listed on the New York Stock Exchange under the symbol “TPUB” and expects to begin regular trading on Aug. 5.

The Tribune Co. board finalized the distribution details on Monday, which will separate the Chicago Tribune, Los Angeles Times and six other daily newspapers into a stand-alone, publicly-traded publishing company. Tribune Co. will continue to hold 1.5 percent of the outstanding shares of Tribune Publishing stock after the spinoff.