Associated Press | Los Angeles Times | SEC.gov
The Chandler family, which owns 12% of Tribune's shares, says in an 11-page letter that the Chicago-based company's strategy of combining broadcasting and newspaper properties in large cities has failed. Tribune should explore the sale of the company as a whole at an "attractive premium" if assets can't be separated, the trusts say in their
letter. (
LAT and
Ad Age coverage.)
