Tribune's Split Decision
The Tribune Company’s second largest shareholder called for a break-up of the media company, accusing the company of pursuing a failing to keep up with competitors. In a letter to the company’s board, the Chandler family also accused the Tribune management of pursing a failed strategy of for melding local TV stations and newspapers.
The Chandlers also stated that they would not tender their shares in the stock buyback plan announced May 30 and wanted a special committee to oversee the company’s management and strategy.
The
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