Chandler offer valued at $31.70

That breaks out to $19.30 for the newspapers and $12.40 for the television stations. The $31.70 a share total - just a little over what the stock was trading at - is way below what the Chandlers were looking for when the company was put on the block last year. The Broad/Burkle plan looks a little more attractive, with its $27 a share dividend. But the deal assumes that Tribune would still be worth $7 a share after the recapitalization ($27 and $7 makes $34 a share), which to many on Wall Street is a big leap. LAT