Tribune has no plans to sell more papers

TRIBUNE HAS NO PLANS TO SELL MORE PAPERS
[SOURCE: Reuters, AUTHOR: Robert MacMillan]
Tribune Co. has no plans to sell its remaining newspapers, having completed the disposal of $500 million worth of non-core assets. The company owns 11 daily papers in such cities as New York, Chicago and Los Angeles and is reviewing bids that include buying out the company and spinning off divisions as it tries to satisfy restive investors. It is expected to decide by the end of the month.
http://today.reuters.com/news/newsArticle.aspx?type=industryNews&storyID...

ZELL GAINS TRACTION IN BID FOR TRIBUNE
[SOURCE: Los Angeles Times 3/7, AUTHOR: James Rainey]
Sam Zell, a Chicago real estate magnate who made a fortune by turning around distressed properties, has emerged as a strong contender to buy the Tribune Company. His bid is getting serious consideration because it could buy out the disgruntled Chandler family of California and take the company private. That scenario is attractive to Tribune management because it would remove the company from the pressure of Wall Street investors. The media conglomerate's financial representatives have been negotiating with Zell in an effort to drive up the value of his offer.
http://www.latimes.com/business/printedition/la-fi-tribune7mar07,1,79912...
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