WEDNESDAY, JANUARY 17, 2007
Chicago Tribune
"The auction for Tribune Co. appears to be fizzling," write
Michael Oneal and
Becky Yerak. They hear that CEO
Dennis FitzSimons is likely to go to the board with a series of options that could serve as a fallback plan to boost the company's stock price in the case that acceptable bids fail to materialize. These options could include buying back additional shares or paying a big dividend. Or management could propose a tax-free spinoff of properties like Tribune's broadcast assets, which would create a separate public company distributed to current Trib shareholders.
>
Eli/Broad may be the only party interested in the entire company (LAT)
>
Papert: "My gut tells me there's not going to be a transaction" (Newsday)
Posted at 8:13:40 AM
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