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LOS ANGELES-The value of real estate holdings may prove a key to any potential sale of the Los Angeles Times and other Tribune Co. newspaper properties, experts say.

Tribune Co. said last week that it will spin-off its newspaper publishing businesses into a separate company from its other media holdings, which will include 42 local television stations after a recent purchase of 19 local stations; national cable channel WGN America; WGN Radio; Tribune Studios; Tribune Digital Ventures; Tribune Media Services; plus equity interests in CareerBuilder and the Food Network. The Tribune Co. owns the L.A. Times, Chicago Tribune and six other daily newspapers.

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