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To: devolve

Excellent commentary devolve, you always know the facts.

I did get a snicker out of one comment but DON'T HOLD BACK!!

The Clintons are experts at hiding their money sources. In face Bubba is witholding info about his library right now.


17 posted on 04/01/2007 8:35:44 PM PDT by potlatch
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To: All

update

http://www.nytimes.com/2007/04/02/business/media/02tribune.html?_r=1&ref=business&oref=slogin

Real Estate Tycoon Increases Bid for Tribune
By ANDREW ROSS SORKIN and KATHARINE Q. SEELYE
Sam Zell, the Chicago real estate tycoon, took another step toward winning the auction for the Tribune Company late last night when he agreed to raise his bid at the urging of the company's board, according to people close to the talks.

The board had indicated that if Mr. Zell were to make a high enough offer, it would be prepared to sell its 160-year-old media empire to him.

Mr. Zell had been outbid by the team of Ronald W. Burkle and Eli Broad, two Los Angeles billionaires, but the company seemed more eager to turn the company over to Mr. Zell. His offer is further along and could be finished more quickly, these people said. In addition, the board would prefer to sell the company to a Chicagoan like Mr. Zell, rather than to people with ties to Los Angeles, where disputes between Tribune and its largest newspaper, The Los Angeles Times, have been played out on the public stage.

Last week, Mr. Zell's bid of $33 a share, which he already increased once, had been $1 below the Burkle-Broad bid, which is valued at about $8.1 billion. On Friday afternoon, Tribune executives told Mr. Zell that he would have to offer them more money if he wanted to buy the company, the people said; Mr. Zell came back with a new bid of close to $34 a share.

snip


18 posted on 04/02/2007 2:57:40 AM PDT by abb (The Dinosaur Media: A One-Way Medium in a Two-Way World)
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