Speculation Running Rampant

Now we're seeing the first big shareholder revolt at a newspaper company since last November, when Bruce Sherman of Private Capital Management sent a similar letter to Knight Ridder. That put the company into play, and now McClatchy is acquiring it for $6.5 billion. The media world wonders if the Chandlers' letter will do the same to Tribune. As private-equity groups and other potential bidders circle around, FitzSimons's empire may be on the verge of unraveling.

// posted by Chuck @ 7/06/2006 10:24:00 PM