Four finalists that met the $400 million minimum-bid requirement now play a waiting game to see which will walk off with Tribune Co.'s Times Mirror Magazines. The finalists which bid by the Oct. 10 deadline are Emap USA, The New York Times Co., Time Inc. and American Media. Those familiar with the process expected the final sale price to be below the $500 million-plus previously suspected. All the bidding companies and Tribune Co. declined to comment or didn't return calls.
Copyright October 2000, Crain Communications Inc.