Friday, September 22, 2006

Tribune Faces Hurdles In Selling Or Splitting Itself

At a meeting Thursday, board members of the newspaper publisher and broadcaster assigned a committee of independent directors to consider options for "creating additional value for shareholders." The possiblities include a management-led buyout, separating the company's television and newspaper assets, or an outright sale. However, any move is complicated by the company's intricate ownership structure, high debt load and diverse holdings.

FULL STORY

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