Tribune considering late offer
Cory Bergman February 26th, 2007
Tribune board members were close to settling on an internal overhaul of the company — which included spinning off its TV stations — when a Chicago real estate magnate made a last-minute proposal, reports the NY Times. Sam Zell’s offer would involve buying the entire company with help from an employee stock ownership plan. But the WSJ reports that Tribune is leaning in the direction of its self-help plan. Tribune has made no comment, and the company aims to make a final decision by the end of March.
1 Comment Add your own
1. thedetroitchannel | February 26th, 2007 at 7:33 am
“spinning off its tv stations”
reminds me of the three stooges episode where curly drills a second hole in the bottom of their sinking boat; “one to let the water OUT”.
doink!
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