Tribune To Go It Alone?
According to the WSJ: The Tribune Co., which owns the LAT, is edging away from its perch on the auction block, “instead opting for a restructuring it would do on its own.”
According to the story:
Billed as a self-help plan by the board members and advisers working on it, the plan is widely expected to involve spinning off the company’s broadcast division and borrowing money to pay out a one-time cash dividend to shareholders, said people familiar with the situation.
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