Friday, July 14, 2006

Trib open to selling off more assets

Since the Tribune wants to spinoff non-core assets, why not sell the Chicago Cubs? Click on the title to be taken to the full article.
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1 comment:

Anonymous said...

i can relieve you of some worry the tribune cannot sell the l.a. times without a seventy five percent majority approval from the board of directors;as it stands now they have 73 percent with 8 people voting in favor.the recent stock buyback has increased the chandler position to around 16 percent. I also hear the second largets institutional shareholder is behind the family in the breakup of the tribune company.whatever happens to the l.a. times will only be with the approval of the chandlers..barring a bankruptcy of tribune its not going to happen as the the chandler trusts stipulate continued ownership of the l.a. times.

5:49 PM

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