Tribune focus returns to Zell

TRIBUNE FOCUS RETURNS TO ZELL
[SOURCE: Chicago Tribune, AUTHOR: Michael Oneal]
Chicago billionaire Sam Zell, whose proposal to take Tribune Co. private fell out of favor last week, has regained the attention of the independent directors reviewing strategic options for the media giant. Tribune's special committee met via conference call Wednesday night to review Zell's proposal, which these sources believe was altered to change the mix of debt and equity. It was one of a series of such meetings that one source said is expected to lead up to a full board meeting on March 30, when the company is scheduled to make a decision about its future after six months of deliberation. The outcome of the meeting, if any, was unclear.
http://www.chicagotribune.com/business/chi-0703210689mar22,0,5304690.story?coll=chi-business-hed