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Thursday, September 21, 2006

Tribune Going Private?

Shares of Tribune Co. (TRB) will be in focus following a report that the company's board plans to consider taking the company private in a leveraged buyout or spinning off its television station group, though no decision has been made, The Wall Street Journal reported Thursday, citing several people familiar with the company's thinking. Serious obstacles exist to any major strategic move, the report added. The board meeting comes as The Los Angeles Times editor and publisher are resisting pressure to make further cuts in staff, the report said.

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