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In a live story posted at 12:29 1:26 am Midwest time, the Chicago Tribune's website says the board of the parent Tribune company was busily negotiating a $13 billion deal with Sam Zell in hopes of closing the sale of the company "before markets open Monday morning." A final sales price and other details remained to be worked out — "the situation was still fluid and sources cautioned that a deal might not be completed," the Tribune reporters said — but the Tribune board clearly prefers a future with Zell in charge over Los Angeles billionaires Eli Broad and Ron Burkle. The New York Times reported earlier tonight that Zell on Sunday raised his offer to more closely match what the West Coast interlopers had offered.
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| AEG Live, promoter of the Michael Jackson shows in London, stands to recoup a big chunk of its investment, thanks to insurance and two golden opportunities.
| Banks were far more accommodating in 1992, the last time warrants had to be issued, and that laissez-faire stance might have delayed cutting a deal.
| News of Michael Jackson's death -- along with about a dozen satellite trucks -- prompted a gathering outside UCLA Medical Center on Thursday.
The "Right of Way" rewrite is underway. Collaborator Marvin Wolf has already refined the project down to two documents, including a 25-page treatment, while finding time to knock out a novel or two on the side.
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