Gannett buys 10% of CareerBuilder stock from Tribune Co.

CNN Money reports that Gannett has become the majority shareholder of CareerBuilder, buying 10% of the company's shares from Tribune Co. to bring their total stake to 50.8%.

The move signals a retreat for Tribune Co. from sharing the role of majority owner with Gannett... It comes as Tribune is trying to turn itself around amid a nearly $13 billion debt load. The debt has pushed the company to sell assets, including Newsday, its Long Island, N.Y., daily, which sold in May.

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