Monday, September 18, 2006

WSJ lays out L.A. Times mess

By ">Mark Lacter

There could be some more developments in the next week or so. Tribune CEO Dennis FitzSimons is expected to present a plan on the future of Tribune at a board meeting on Thursday. Last week, there were lots of rumors flying around the Chicago and L.A. newsrooms about possible asset sales and management changes. At this point, it would seem that Tribune will need to do something; the vice chairman of Ariel Capital, which has 6 percent stake of the company, says as much in the WSJ.

SOURCE LA Biz Observed

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