Chandlers make offer to buy trib

by Matt Allison on Jan 18, 2007 8:57 AM CST Comment 7 comments

Well, here we go. Apparently they will become majority owners if the offer is accepted.

I have absolutely no idea what will happen to the Cubs if this deal happens.

"CHICAGO (AP) -- Tribune Co.'s largest shareholder offered to buy the struggling media conglomerate and spin off its broadcast division in a deal valued at $7.6 billion.

The bid by the Chandler family, which owns 20 percent of Tribune stock, was disclosed Thursday morning in a filing with the Securities and Exchange Commission."
http://biz.yahoo.com/ap/070118/tribune_sale.html?.v=8

This is a FanPost and does not necessarily reflect the views of SB Nation or Al Yellon, managing editor (unless it's a FanPost posted by Al). FanPost opinions are valued expressions of opinion by passionate and knowledgeable baseball fans.

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I don't think..

... anyone knows what will happen if this bid is accepted.

Plus, this isn't something that can or will happen overnight.

by Al on Jan 18, 2007 8:57 AM CST reply actions 0 recs

This offer sucks

4.5 percent above current price but much of that in
spinoff stock? I can't see the institutional investors who will
be the ones to decide if it goes to a fight, going for that.
I also love the part where they claim it is really an 18% premium
because the Chandler push to put the company on the market
increased the price. Nope it less than 5% and a bad offer
The Burkle offer is even more ridiculous.

I love the ballpark. I love the city. I love the fans. Aside from how we've played this year, there's nothing not to like about Chicago." Greg Maddux 7/29/06

by jessica on Jan 18, 2007 10:53 AM CST reply actions 0 recs

Hey Matt...

are you by any chance the Matt Allison of Atlas Studios in Chicago?

it takes two things to be a cubs fan...a sense of humor, and old style beer.

by markgraceismyhero on Jan 18, 2007 10:57 AM CST reply actions 0 recs

yes

I am.

by Matt Allison on Jan 18, 2007 12:01 PM CST up reply actions 0 recs

no way!

holy cow! that is awesome! i am actually just listening to the first track posted from the new smoke or fire record and its excellent. thats so cool. love your work man.

it takes two things to be a cubs fan...a sense of humor, and old style beer.

by markgraceismyhero on Jan 18, 2007 1:37 PM CST up reply actions 0 recs

that's

cool. you might be the only poster here with a wikipedia entry about you.

DEJESUS!!!

by tomas21 on Jan 18, 2007 2:29 PM CST up reply actions 0 recs

Also

Eli Broad and Ron Burkle also made a bid for the Tribune. According to the LA Times, the key phrase as far as we're concerned is that they "would leave Tribune intact." The Chandlers would spin off various parts of the Tribune empire. The Cubs aren't specifically mentioned as a spin-off for the Chandlers, but you'd have to think they would be.

http://www.latimes.com/business/la-ex-tribune18jan19,0,6032735.story?coll=la-home-headlines

A little song, a little dance. A little seltzer down your pants

by Josh77 on Jan 18, 2007 3:19 PM CST reply actions 0 recs