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Thursday, September 21, 2006

Tribune shares jump ahead of meeting

CHICAGO (MarketWatch) -- Shares of Tribune Co. were up Thursday following a report that the newspaper publisher will consider taking the company private or spinning off its television station group.

Tribune (TRB), up $1.68, or 5.5%, at $32.37, will hold a meeting of its board of directors Thursday. According to a Wall Street Journal report, the company may opt to take itself private in a leveraged buyout, or spin off its TV stations. Tribune is also expected to look at a plan to unwind two partnerships between the company and its largest shareholder, the Chandler Trusts.

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