Wall Street yawns at firing

Tribune stock was down $0.04, or 0.12 percent, just before the close, which is not exactly a huge response to news of Jeff Johnson's firing. But it is worth noting that since the stock hit a 52-week high of $34.28 on Sept. 22, right after Tribune's board announced plans to consider major restructuring, shares have been sliding (and remember, this is in the midst of the Dow hitting record highs). Today, the stock was trading at $32.93. It's been in the $29-$33 trading range for the past few months. None of which suggests much enthusiasm about the company or its options.

More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Siri versus Hawaiian pidgin (video)
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar

New at LA Observed
On the Media Page
Go to Media

On the Politics Page
Go to Politics
Arts and culture

Sign up for daily email from LA Observed

Enter your email address:

Delivered by FeedBurner

Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
LA Observed on Twitter and Facebook