Monday, February 26, 2007
The Tribune, the Chicago newspaper company that is looking for ways to restructure itself and buy out the Chandler family, is considering a last-minute offer from Sam Zell, who has a lot of cash after the EOP LBO of a few weeks ago. See NYTimes, Tribune Considering Late Offer From Real Estate Magnate. The Wall St. Journal predicts that Tribune will decide on a spin-off of the newspaper and a special cash dividend. See WSJ, Tribune Mulls Revamp As Auction Founders.