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)
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WILMINGTON, Del., Nov. 19 (UPI) -- Tribune Co. is seeking an accelerated completion of its bankruptcy case in Delaware, Don Liebentritt, the firm's restructuring officer said.
CHICAGO, Nov. 18 (UPI) -- An investment group in Chicago said it had purchased the Elysian Hotel, which Conde Nast Traveler magazine called the best hotel in the United States.
NEW YORK, Oct. 30 (UPI) -- Hedge funds representing $800 million in Tribune Co. debt said banks improperly went along with the 2007 sale of the company, court papers in New York say.
CHICAGO, Oct. 22 (UPI) -- The Tribune Co., owner of the Chicago Tribune and Los Angeles Times, announced Friday its chief executive officer had quit after weeks of bad press.
CHICAGO, Oct. 19 (UPI) -- The Tribune Co. in Chicago is expected to fire Chief Executive Officer Randy Michaels before it emerges from bankruptcy, a source told The New York Times.
CHICAGO, Aug. 4 (UPI) -- The purchase of Tribune Co. in 2007 went forward partly because participants feared backing out would lead to lawsuits, court papers filed in Chicago said.
CHICAGO, July 27 (UPI) -- A court-appointed examiner said financing set up in 2007 as part of Sam Zell's purchase of the Chicago Tribune was likely illegal in part.
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.
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.
CHICAGO, June 19 (UPI) -- The Tribune Co. is looking a second bidder for the sale of the Chicago Cubs, the Chicago Tribune said.
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