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Saturday, September 23, 2006

Tribune Co. Puts All Options On The Table, As It Must

Under shareholder pressures, a high-profile feud with the major-stakeholder Chandler Family, and resistance from the Los Angeles Times, the Tribune Company is between a rock and a hard place right now — a predicament which has resulted in capitulation from management, which finally agreed to put all options on the table at Thursday's landmark board meeting.

These options include breaking up the company into individual assets, including broadcasting assets, the sought-after Los Angeles Times, and the Chicago Cubs baseball team (not a key media asset, obviously, but one that Tribune CEO Dennis Fitzsimmons had been reluctant to release into the wild).

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