Chandlers Seek Potential Allies In Family's Fight Over Tribune
To read the full story click on the title to be re-directed to article.
Wednesday, June 28, 2006
1 comment:
For now, we're opening this blog to Anonymous comments. This will continue as long as civility rules. Disagree as you may, just keep it clean and stay on topic. No profanity, and no name calling. We reserve the right to moderate such comments, though the person who made it may come back and reword their message in a more civil way.
The Wall Street Journal article at the end of this link states, "...After a monthlong tender period, Tribune said yesterday it would buy back 45 million shares through the tender -- eight million less than planned -- at $32.50 a share, the upper limit of the offer.
ReplyDeleteTo make up for the shortfall, the company said it will increase the number of shares it plans to repurchase on the open market to 20 million from 12 million..."
With Tribune's unexpected increase in stock buy back costs, it would seem logical that the original $200,000,000 in cost cuts will also increase. Hang on for the ride!