Today's Los Angeles Times Business section has predictions for 2007. One paragraph caught my eye and that of my co-workers at the newspaper.
The Chandlers' comeback. Tribune Co. is bought by the Los Angeles newspaper dynasty that is its largest shareholder, which is intent on avoiding a huge tax bill had the company — owner of the Los Angeles Times, the Chicago Cubs, KTLA-TV Channel 5 and many other properties — been sold off piecemeal.It's hardly the result anticipated when, in mid-2006, the family began agitating for management to spin off its broadcasting arm to lift the wilting stock price.
Read Putting more on the line online
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