TITLE

Trib insiders share bonus

AUTHOR(S)
LITTLETON, CYNTHIA
PUB. DATE
April 2007
SOURCE
Daily Variety;4/9/2007, Vol. 295 Issue 5, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that a group of Tribune Co. insiders is expected to earn $6.5 million in cash bonuses if the $8.2 billion buyout deal reached during the first week of April 2007 with real estate mogul Sam Zell is completed. A U.S. Securities and Exchange Commission filing revealed plans for Tribune to set aside an amount equal to 8% of the value of the company at the time the Zell deal is completed as compensation for some members of management and other key employees.
ACCESSION #
24713187

 

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