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Pedestrians approach the Los Angeles Times Building in downtown Los... News PhotoApproaching,California,City Of Los Angeles,Downtown,Finance,Pedestrian,The Media,USA,VerticalPhotographer Collection: AFP 2013 AFPPedestrians approach the Los Angeles Times Building in downtown Los Angeles, California on July 10, 2013. The Tribune Company, a group which owns 23 television stations, announced plans Wednesday to spin off its newspaper division, which includes the Los Angeles Times and Chicago Tribune, separating the struggling unit from its growing television station holdings. Tribune Company last week announced a $2.7 billion deal to buy 19 more local television stations and has said splitting into two distinct companies would give each 'greater financial and operational focus.' AFP PHOTO/Frederic J. BROWN (Photo credit should read FREDERIC J. BROWN/AFP/Getty Images)