The Chandlers Strike Back!

The venerable Chandler family, which owned the Los Angeles Times from 1884 until its sale to Tribune in 2000, is starting to think selling to a huge media conglomerate wasn’t such a good idea.

In a letter that shocked most of the financial and media community for its timing, if not its analysis, the family trust excoriated Tribune for its failed strategy of grouping newspaper and broadcasting assets (such as the LA Times and KTLA):

As you know, the basic strategic premise of the Tribune/Times Mirror merger was that the cross–ownership of multiple premium major media properties in the nation’s three largest media outlets would provide a platform to produce above-industry performance for both its newspaper and broadcast assets and for strong growth in interactive and other media opportunities.

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