Tribune Co. Creates Committee to Oversee Options to Increase Shareholder Value

September 21, 2006 by cubsnet

"Tribune Co.'s board voted to establish a special committee of independent directors to explore alternatives for 'creating additional value for shareholders,' opening the door for a sale of the company or a management buyout," reports the Wall Street Journal (Sarah Ellison and Julia Angwin, "Tribune Opens Door to Possible Sale," 9/22/2006). There is no mention in the article of a possible separate sale of the Chicago Cubs. However, if Tribune Co. itself were sold, who knows what would happen. Ivy Chat also comments.

Previous and related posts:
Chicago Cubs for sale? (10/25/2005)
Trib Shareholder Suggests Sale of Cubs (3/14/2006)
FitzSimons Appears Cool to Sale of Cubs (3/30/2006)
FitzSimons: Cubs Still Not for Sale (5/30/2006)
Ernie Banks Wants to Buy the Cubs (6/10/2006)
Analyst: Trib Likely to Hang on to Cubs (9/20/2006)

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