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Thursday, January 18, 2007

Tribune gets buyout offer from Chandlers

Tribune Company has received a buyout offer from it's largest shareholder, the Chandler Trusts, for $31.70 per share. The families plan is to spin off Tribune's broadcast and entertainment businesses, according to filings with the securities and exchange commission.

Tribune shares are up 51 cents with active trading of over one million shares this morning.

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