Tribune Delays Sale Decision

For Sale By Owner

TRIBUNE CO. is going to take a little more time to decide on the sale of the company. The company issued a statement TUESDAY credited to WILLIAM A. OSBORN, Chairman of the independent committee reviewing offers for the company, that read, "We are committed to a complete review process that will yield maximum value for all TRIBUNE shareholders. We anticipate a final recommendation to the full board during the first quarter of 2007."

TRIBUNE, which owns one radio property, Talk WGN-A/CHICAGO, is under pressure from shareholders to sell all or part of the embattled company. Chairman DENNIS FITZSIMONS says that the sale process "has generated strong interest from a number of parties."

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