Chicago Tribune reports that a consortium of Madison Dearborn Partners, Apollo Management and Providence Equity Partners could not agree on valuation and thus did not submit a firm bid. A source told the paper that the group would still like to bid on Tribune, but that the offer would be below the company's share price, which closed today at $30.34. The same source said there's been no bid from the Chandler family, though there was some thought to a deal that would split up the newspapers and broadcast operations. No word about the Broad/Burkle interest.
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
Go to Arts and culture
Sign up for daily email from LA Observed