Thursday, September 28, 2006

Privatization is the way to go for Tribune

CHICAGO (MarketWatch) -- Tribune Co. may learn what a few cable companies have discovered: going private during a time of uncertainty for your industry can have major benefits.

Newspaper publisher and broadcaster Tribune (TRB) said last week that it has established an independent committee to help it explore a number of possible strategic alternatives. Those alternatives could include the sale of specific newspapers or television stations or the entire company.

Another possibility is that Tribune could take itself private, and that appears to be the smartest play.

If you follow newspaper earnings on any kind of regular basis, you're aware that most of the problems that brought Tribune to this point are issues shared by all of its peers.

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