CHICAGO, Nov. 29 (UPI) -- Tribune Co., a big U.S. media conglomerate is extending the current auction of itself until the first quarter of next year.
The TV and newspaper company has been seeking buyers since September for the entire company or parts of the company, the Chicago Tribune said Wednesday.
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"We are committed to a complete review process that will yield maximum value for all Tribune shareholders," said a corporate spokesman. We anticipate a final recommendation to the full board during the first quarter of 2007."