By William Spain, MarketWatch
Last Update: 8:43 AM ET Nov 29, 2006
CHICAGO (MarketWatch) -- A "strategic review" at Tribune Co. has "generated strong interest from a number of parties," the media company's chief executive said.
After the close of regular trading on Tuesday, Dennis FitzSimons said in brief statement that "advisers to both the company and the independent special committee of the board have recommended that the review process be extended to ensure thorough consideration of all proposals."
Potential buyers have been circling around the company, looking for pieces to bite off as Tribune (TRB) has been stung by advertising and circulation declines at its newspapers and turmoil at one of its best-known properties, the Los Angeles Times.
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Wednesday, November 29, 2006
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