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.
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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.
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