TITLE

TRIB SAVED BY THE ZELL?

AUTHOR(S)
Littleton, Cynthia
PUB. DATE
April 2007
SOURCE
Daily Variety;4/3/2007, Vol. 295 Issue 2, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the sale of Tribune-owned newspaper and television network in Chicago, Illinois to real estate mogul Sam Zell. Tribune confirmed that the board has accepted the $8.2 billion buyout offered by Zell. Zell plans to take the company private by using a complex financing arrangement known as an employee stock ownership plan (ESOP).
ACCESSION #
24676355

 

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