TITLE

Tribune prepping buyback

AUTHOR(S)
Goldsmith, Jill
PUB. DATE
June 2006
SOURCE
Daily Variety;6/9/2006, Vol. 291 Issue 49, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Tribune will continue with its share buyback despite opposition by the Chandler family, which owns 12 percent of the company. The statement of Tribune CEO/chairman Dennis FitzSimons caused its stock to go up. This buyback will allow the company to return value to shareholders who may be seeking some liquidity and support its long-term strategy to increase the revenue of its newspapers and television stations and expand its interactive businesses and divest non-core assets.
ACCESSION #
21140652

 

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