“Zell Wins Auction for Tribune”
From the WSJ:
Chicago investor Sam Zell has won the bidding for Tribune Co., according to a person familiar with the company’s six-month old auction.
Exact terms should be disclosed this morning, this person said. They include a low break-up fee, which would encourage the partnership of Eli Broad and Ron Burkle to pursue a still higher offer, if they choose. The two Los Angeles investors had been trying to unseat Mr. Zell at the last moment, but could not do so in a way that satisfied Tribune’s board.
Launch a social media campaign that will build your brand and deliver results in our online 
Nadine Cheung
Editor, The Job Post
FishbowlDC Twitter feed loading...
