Chicago Tribune
Tribune's decision to repurchase more than $2 billion of its stock appears to be a bid to calm restless stockholders by returning some capital, and to provide a vehicle for those who want to exit the stock, says
Phil Rosenthal. "Tribune may also, however, be seeking to render itself less attractive to any potential suitor: The company's whopping post-buyback debt of nearly $6 billion will make it hard for leveraged-buyout companies to borrow against Tribune's assets."
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CEO won't say if buyback is a first step toward taking Trib private (NYT)
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WSJ: "For Tribune, the plan may portend a bigger shake-up" (WSJ)
