Tribune May Restructure, Not Sell, ‘WSJ’ Reports

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By: E&P Staff

This may turn out differently than many thought. The Tribune Co. is leaning against accepting takeover offers and instead may choose to restructure, the Wall Street Journal reports on Monday.

Sources say the Tribune’s board is expected to discuss the structure of the plan at a meeting early this week.

This plan would include spinning off the company’s broadcast division and borrowing money to pay out a one-time cash dividend to shareholders, the Journal reports.

It is still possible the company will choose a different option, the paper adds.

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