Tribune still on target

Chairman and CEO Dennis FitzSimons sent out an attaboy memo to employees today and noted in passing that the board still planned to make The Big Announcement concerning the company's future at the end of the month - as in the end of next week. At this point, it still seems to be between Chicago real estate guy Sam Zell and his employee stock ownership plan or Tribune's own self-help plan that would involve spinning off the TV stations and keeping the newspapers. Or might there be a third possibility? At this point, I'll believe anything. Too bad the memo also included February numbers, which showed newspaper revenues down 5 percent. By the way, Tribune stock has dipped under $30 in the past week. It's now at $29.10. Ouch. Memo is on jump.

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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
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