By Phil Rosenthal
Published August 4, 2006
Are the Chandlers and Tribune Co. ready to reconcile?
A Wall Street Journal report online Thursday said the two sides, at each other's throats earlier this summer, are at the bargaining table.
Sources say that hasn't happened, not yet, but it's undeniable these two are stuck with each other and have to make the best of it, one way or another. There already are signs of compromise, if not out-and-out detente.
At the very least, Tribune and its largest shareholder bloc, which in June called the company's strategy "disastrous," are "on a more constructive path," said one source.
This is evident in what happened at the July 19 Tribune board meeting when directors discussed separate inquiries from Los Angeles billionaires Eli Broad, Ron Burkle and David Geffen about buying the Los Angeles Times, the crown jewel of Times Mirror, which Tribune acquired in 2000.
(Excerpt) Read more at Chicago Tribune
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