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Can someone shave Tribune’s head and stick in rehab please

Published: Monday, February 26, 2007

This Tribune thing is past the point of pain in the ass. The individuals involved can't make up their small minds, and they keep issuing statements that they can't make up their minds. Why is this taking so long? Over the weekend they reportedly comb through some offers and is considering one made by real estate magnate Sam Zell to take the company private. Oh god please let Zell's offer put this thing to rest already!

Tribune, pressured by its long-slumping stock price, appointed a special board committee in September to review the company's prospective offers. The board intends to decide on a plan to increase shareholder value by the end of March, the company said. The board would prefer a recapitalization plan involving a spinoff of Tribune's television stations and the payment of a bid dividend to shareholders, The Wall Street Journal reported Sunday on its Web site.

Tribune mulls Zell offer [AP]

Labels: Sam_Zell, Tribune

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