Free Republic

Chandler family may actively pursue change in management (Crain’s) — Chandler Trusts, the second-largest holder of Tribune Co. stock, is calling for an independent management review after questioning the leadership abilities of the media conglomerate’s executive team. In a letter filed Wednesday with the Securities and Exchange Commission, the Chandler family strongly recommended that the Tribune’s board of directors appoint an independent committee to evaluate management and to “promptly execute alternatives to restore and enhance stockholder value.” The Chandler family is also calling for the media company to spinoff its broadcasting properties, among other actions. Related story: Chandler family calls...