Tribune shares take a dip

Today's pullback wasn't huge - down 2.5 percent, to close at $33.15 - but it was telling. Analysts are beginning to weigh in on the company's options - leveraged buyout, spinoffs, asset sales - and some are finding problems with just about everything. In a research note, UBS's Brian Shipman sounded lukewarm about selling off the LAT (which Tribune says is not for sale).

"To a certain extent, we feel that selling the paper would be a net positive for the company as we believe it has been somewhat of a distraction to management. However, we do not believe that a sale of the Times would realize significant incremental value to shareholders," Shipman said.

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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