Chandler reps resign from Tribune's board

CHANDLER REPS RESIGN FROM TRIBUNE'S BOARD
[SOURCE: Reuters]
Tribune Co. said on Monday three board members representing the Chandler Trusts have resigned upon completion of a share tender offer, as agreed under a buyout deal with real estate magnate Sam Zell. With the departure of Jeffrey Chandler, Roger Goodan and William Stinehart Jr., the board now has nine members including Zell, who was elected on May 9 and will become chairman after Tribune is taken private. The Chandler Trusts now holds 17% of the Trib's outstanding shares and will sell all remaining shares.
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