What You Should Have Read, Aug. 15, 2007

Tribune Insists Zell Deal Is Still On

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Tribune Insists Zell Deal Is Still On
Tribune says its sale to a group led by Sam Zell is still on, disputing a report by analyst Craig Huber of Lehman Brothers that said the odds of the deal closing as scheduled are no better than 50-50. Tribune may be worth as little as $4 to $5 a share if the deal collapses, Huber says.
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