Wednesday, June 28, 2006

Chandlers Seek Potential Allies

Chandlers Seek Potential Allies In Family's Fight Over Tribune

To read the full story click on the title to be re-directed to article.

1 comment:

Anonymous said...

The Wall Street Journal article at the end of this link states, "...After a monthlong tender period, Tribune said yesterday it would buy back 45 million shares through the tender -- eight million less than planned -- at $32.50 a share, the upper limit of the offer.

To make up for the shortfall, the company said it will increase the number of shares it plans to repurchase on the open market to 20 million from 12 million..."

With Tribune's unexpected increase in stock buy back costs, it would seem logical that the original $200,000,000 in cost cuts will also increase. Hang on for the ride!