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Shares close at $32.05, up 4.43 percent on the day. This morning's WSJ story about how the board might consider going private no doubt generated interest in the stock. But anecdotal comments among the larger shareholders would not indicate that the company is under the gun to make a decision anytime soon. Might be interesting to check out the stock in the coming days. If shares keep going up, it could mean that investors believe something big will be happening. By the way, a Tribune spokesman isn't even confirming that a board meeting is taking place today.
*Everybody has problems: The New York Times Co. expects third-quarter earnings to be well below those of a year ago because of a "very challenging" advertising market throughout the summer.
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.