Los Angeles Times
Tribune CEO
Dennis FitzSimons says "this process has generated strong interest from a number of parties," but
James Rainey hears that lukewarm bids had increased the chances that the company would be sold in parts or that it would be reduced in size and taken private by current management. "Clearly bids are not coming in as high as expected, so Tribune needs more time to figure out what to do," says one person involved in the auction.
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Tribune now considering possible spin-off of TV stations or LAT (WSJ)
