Chicago Ties Link Tribune Directors

Some wonder whether a board panel weighing the media company's future can be objective.

By Thomas S. Mulligan, Times Staff Writer
October 10, 2006

As a besieged Tribune Co. searches for ways to raise its stock price or figuratively die trying, much of the burden will fall on seven board members who share an unusual number of civic ties with one another and with Tribune Chairman and Chief Executive Dennis J. FitzSimons.

The seven constitute a special committee formed Sept. 21 to oversee FitzSimons and his management team in their efforts to uncover value even if it means a sale or breakup of the 159-year-old company, the Chicago-based parent of the Los Angeles Times, the Chicago Tribune, Chicago's WGN-TV, KTLA-TV Channel 5, baseball's Chicago Cubs and other broadcast and newspaper properties. The process is expected to be completed by the end of the year, Tribune said.

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