Los Angeles Times
After a five-hour board meeting, Tribune announced that a committee will explore options that include a breakup or outright sale of the company. The panel's work is expected to be finished by the end of 2006. Also, Tribune says it's restructuring two complex partnerships with the Chandler family. Despite the friction between the Chandlers and Tribune management, Thursday's board meeting was "positive and cordial," says CEO
Dennis FitzSimons.
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"Everything's on the table," FitzSimons says after board meeting (Trib)
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FitzSimons refuses to discuss Los Angeles Times situation (NYT)
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Formation of panel a big reversal from Trib's earlier stance (WSJ)
