The Tribune Gets The Message

We received this anonymous tip yesterday:

    The 11th and F offices of the Tribune Co., home to the DC bureaus of the LAT, BaltSun & Chicago Tribune, this morning received a giant placard that reads “You own the place now!”…presumably sent by Sam Zell’s minions.

We poked around and were able to dig up these photos:



One reader tells us that there were boos when the placard was put up in the LATimes newsroom.


    Tribune Co. (TRB) said Thursday it completed its move to go private by merging with an acquisition unit of the Tribune Employee Stock Ownership Plan.

    Sam Zell, who financed the $8.2 billion transaction, will serve as chairman and chief executive of the company.

    Under the agreement, public Tribune shares, except for those owned by the employee stock ownership plan and those held by shareholders who validly exercise appraisal rights, will be cashed out at $34 a share.