The full Tribune board will be meeting this weekend to review the competing offers from L.A. billionaires Broad/Burkle and Chicago real estate mogul (and also billionaire) Sam Zell. They're still hoping for a resolution in the next day or two - that's certainly what the board wants - but the WSJ reports that there's concern about how vulnerable Tribune might be to a shareholder lawsuit if the directors choose the Zell bid without giving Broad...
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Mark Lacter covered business, the economy and more here from 2006 until his death on Nov. 13, 2013.The entire LA Biz Observed archive — more than 10,000 blog posts by Mark — remains online and available.
Mark LacterMark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
The multi-talented Mark Lacter
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