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Workshop Registration
The Reynolds Center has announced its 2009-10 free workshop schedule.
Select a workshop and register from the drop-down menu below.
Online Seminars
The Reynolds Center registration for Fall 2009 free online seminars.
Hooked on Kindle
By Chris Roush
Tracking the Business Behind the Tomato
By Jonathan Higuera
Five Questions with Bill Choyke
By Jonathan Higuera
Finding the Economy's Silver Lining
By Dick Weiss
Double Whammy: Oil and Housing
By Jennifer Hopfinger
Tribune Sale Gets Shareholder OK
THIS IS ARCHIVED CONTENTVisit our new site at BusinessJournalism.org
Shareholders of Tribune Company stock overwhelmingly voted Tuesday to approve the sale of the company to Chicago real estate mogul Sam Zell for $8.2 billion, or $34 per share.
About 97 percent of shareholders favored the deal, but it faces financing obstacles and federal regulatory approvals.
The Tribune Company put itself up for sale last year and had fewer than expected bidders before it accepted an offer from a group led by Zell. The highly leveraged buyout calls for taking the company private under an employee stock ownership plan.
Tribune owns 11 daily newspapers, including The Chicago Tribune and The Los Angeles Times, 23 TV stations and the Chicago Cubs baseball team.
Since Zell’s offer was accepted in April, the company’s stock has dipped more than 20 percent below the deal price as the company’s advertising revenue has steadily declined. The deteriorating performance has led some on Wall Street to speculate that the deal may not go through.
The company has also gone into further debt to finance the transaction and buy back shares. That led Standard & Poor’s to cut its credit rating from “B+” to “BB-.”
The Reynolds Center has announced its 2009-10 free workshop schedule.
Select a workshop and register from the drop-down menu below.
The Reynolds Center registration for Fall 2009 free online seminars.
By Chris Roush
Tracking the Business Behind the Tomato
By Jonathan Higuera
Five Questions with Bill Choyke
By Jonathan Higuera
Finding the Economy's Silver Lining
By Dick Weiss
Double Whammy: Oil and Housing
By Jennifer Hopfinger
Tribune Sale Gets Shareholder OK
THIS IS ARCHIVED CONTENTVisit our new site at BusinessJournalism.org
Visit our new site at BusinessJournalism.org
Shareholders of Tribune Company stock overwhelmingly voted Tuesday to approve the sale of the company to Chicago real estate mogul Sam Zell for $8.2 billion, or $34 per share.
About 97 percent of shareholders favored the deal, but it faces financing obstacles and federal regulatory approvals.
The Tribune Company put itself up for sale last year and had fewer than expected bidders before it accepted an offer from a group led by Zell. The highly leveraged buyout calls for taking the company private under an employee stock ownership plan.
Tribune owns 11 daily newspapers, including The Chicago Tribune and The Los Angeles Times, 23 TV stations and the Chicago Cubs baseball team.
Since Zell’s offer was accepted in April, the company’s stock has dipped more than 20 percent below the deal price as the company’s advertising revenue has steadily declined. The deteriorating performance has led some on Wall Street to speculate that the deal may not go through.
The company has also gone into further debt to finance the transaction and buy back shares. That led Standard & Poor’s to cut its credit rating from “B+” to “BB-.”