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Tribune Publishing authorizes $30 million stock buyback

Tribune Publishing authorizes $30 million stock buyback

Tribune Publishing, which has seen its valuation cut in half in the year since it spun off as a stand-alone newspaper company, has authorized a $30 million stock repurchase program, the Chicago-based company said Tuesday. "Tribune Publishing's board of directors and senior management believe the company is making significant progress in its transformation strategy," Jack Griffin, CEO of Tribune Publishing, said in a statement. "The stock repurchase program announced today demonstrates our confidence in our Company and underscores our commitment to delivering shareholder value." Griffin bought 20,000 shares of TPUB at $11.26 per share, according to documents filed...

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