Sam_Zell - TRIBUNE ACCEPTS $8.2 BILLION BUYOUT OFFER FROM CHICAGO BILLIONAIRE SAM ZELL

TRIBUNE ACCEPTS $8.2 BILLION BUYOUT OFFER FROM CHICAGO BILLIONAIRE SAM ZELL

The Chicago Tribune company corporate headquarters stands in downtown Chicago on April 2, 2007. Monday the Tribune Co. accepted an $8.2 billion buyout offer from real estate investor Sam Zell. The deal, which is not finalized until approved by the shareholders, leaves the Tribune's board the option of accepting a higher bid and also includes selling the Chicago Cubs at the end of the 2007 season. (UPI Photo/Brian Kersey)


UPI Related News
Tribune creditors seek to pressure Zell
CHICAGO, Aug. 18 (UPI) -- Tribune Co. creditors asked a U.S. bankruptcy judge for permission to hire a law firm to investigate billionaire Sam Zell's leveraged buyout of the company.
Zell may be forced out of Tribune Co.
CHICAGO, Aug. 14 (UPI) -- Billionaire Sam Zell may be forced out of the Tribune Co., despite improvements in the Chicago media company's cash assets, sources close to the talks said.
Report: New bidder in sale of Chicago Cubs
CHICAGO, June 19 (UPI) -- The Tribune Co. is looking a second bidder for the sale of the Chicago Cubs, the Chicago Tribune said.
Tribune Co. likely to go to creditors
CHICAGO, June 8 (UPI) -- A deal still in discussion in bankruptcy court would give lenders control of the Chicago Tribune, a source close the talks said.
CHICAGO, May 29 (UPI) -- The head of Tribune Co., which owns the Chicago Cubs, said he is "sure there will be other" buyers if the sale of the team to the Ricketts family falls through.
Zell says buying Tribune was a 'mistake'
CHICAGO, April 15 (UPI) -- Chicago Tribune publisher Sam Zell said the unraveling of the newspaper industry caught him off guard and buying the newspaper chain was a "mistake."
CHICAGO, March 13 (UPI) -- The chairman of the Tribune Co. was targeted for a $25,000 donation last November by the campaign of impeached Illinois Gov. Rod Blagojevich, documents show.
NEW YORK, Feb. 7 (UPI) -- Participants in a 2007 commercial real estate deal engineered by Chicago's Sam Zell are struggling with crushing debts and a moribund market, observers say.
CHICAGO, Jan. 17 (UPI) -- The Tribune Co. will decide on the winning bidder for its Chicago Cubs baseball team and storied Wrigley Field within days, sources say.
CHICAGO, Jan. 6 (UPI) -- The Tribune Co. is close to choosing a new owner for the Chicago Cubs but still may decide to pull the team and its stadium off the market, sources said.
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The Internal Revenue Service is auditing a Tribune Co. deal involving its employee stock ownership plan, a major piece of Sam Zell's plan to take his media company private. The Chicago...
sfgate.com at 29 Apr 2009 04:41 pm
Tribune Co. will pay the legal bills of Chairman and Chief Executive Sam Zell related to a federal corruption investigation into former Gov. Rod Blagojevich. Tribune announced its plans...
nytimes.com at 10 Apr 2009 10:16 pm
The Labor Department subpoenaed the Tribune Company over its employee stock plan, which was crucial to the purchase of the company by the billionaire Sam Zell.
nytimes.com at 8 Dec 2008 09:32 pm
The chain that publishes The Los Angeles Times and The Chicago Tribune filed for bankruptcy protection just short of a year after Sam Zell took over.
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