Tribune Publishing Co. said March 13 that its board approved a stock repurchase program wherein the company may purchase up to $25 million of its outstanding common stock.

The company said the purchases will be done over the next two years via open-market transactions or privately negotiated transactions.

Tribune also noted that the buybacks may be made from time to time depending on market conditions, share price, trading volume, cash needs and other business factors.

Tribune Media Co. is the parent company of Tribune Publishing.