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Thursday, March 30, 2006

Tribune Selling Assets

Also on the M&A front, the Tribune Co. (TRB) is under pressure to sell divisions including the Chicago Cubs baseball team, The Wall Street Journal reported Thursday in its "Heard on the Street" column. The report quoted Tribune Chairman and Chief Executive Dennis J. FitzSimons as saying the firm wants to "operate" its way out of its stock market slump and that Tribune isn't interested in selling any of its arms, but also quotes an investor as saying he'd like the firm to sell some of its operations.

SOURCE Market Watch

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