(AP) — Morgan Stanley lowered its estimates on Tribune Co. due to reports that the media company may be nearing a settlement with the Chandler family on certain partnerships and possibly selling the Los Angeles Times.
On Friday The Wall Street Journal reported that the company is close to an agreement with the Chandlers, its largest shareholder, to break up the TMCT Ventures, a venture capital fund.
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Monday, September 18, 2006
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