Tribune shareholders OK $8.2-bil. buyout

TRIBUNE SHAREHOLDERS OK $8.2 BILLION BUYOUT
[SOURCE: Crain’s Chicago Business, AUTHOR: Gregory Meyer]
As expected, Tribune's shareholders on overwhelmingly approved taking the company private later this year. At the meeting in Tribune Tower CEO Dennis FitzSimons announced that 97% of shares voted were in favor of the move. In a statement from Tribune Co., Mr. Zell said, "I believe Tribune Co. is reasserting itself as a national leader in news generation and distribution. Despite the recent upheaval in the credit markets, my view of the company as an investment has not changed."
http://chicagobusiness.com/cgi-bin/news.pl?id=26080

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