Tribune Sale in Doubt?

[mjmcend]

Tribune had lost 49 cents to $25.28 by day's end, after trading as low as $24.45 intraday -- nearly $10 off the $34-a-share price that real-estate mogul Sam Zell offered this spring to take the publisher of the Chicago Tribune and Los Angeles Times private via a complex arrangement involving employee ownership.



http://www.marketwatch.com/news/story/tribune-shares-fall-farther-below/story.aspx?guid=%7B55D80D90-0011-4E8B-9BC8-4FC115009067%7D

[Steelrod]

Not to mention today's credit problems could disrupt Zell's financing. November will tell all.

[tebman]

Better hurry up and sell the Cubs! :tongue:

[gosox41]

Better hurry up and sell the Cubs! :tongue:


There will be plenty of rich ego maniacs willing to overpay for them.



Bob

[dickallen15]

I read a month or so ago, there was less than a 50/50 chance the Zell deal would go through.