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Hopefully this whole Tribune thing can finally get on a path to the end

Published: Saturday, March 24, 2007

The flip flopping Tribune board is reportedly looking at a sweeter offer from billionaire Sam Zell and we are down our knees praying that this is the beginning of the end to the whole Tribune roller coaster that has been present for........who knows how long. Its like that cousin you agreed to let stay with you for one weekend and now he just won't go away. We swear, we would call a day of posting, "Tribune Day" to celebrate the end this thing.

The offer would be a $2.47 premium to the newspaper publisher and broadcaster's closing price of $30.53 on Friday. A special committee of directors that is reviewing options for Tribune received details of the proposal on Wednesday, the Times reported. Tribune has about 240.2 million shares outstanding, which would make the bid worth nearly $8 billion.


Zell offers $33-per-share for Tribune: L.A. Times [Reuters]

Labels: Investors, NEWSPAPERS, Sam_Zell, Tribune

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