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Pastimes : NNBM - SI Branch

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To: altair19 who wrote (52248)6/8/2006 3:44:39 PM
From: stockman_scott   of 104167
 
Tribune Mum On Board Dissension, Analysts Calculate Break-Up Value

By Mark Fitzgerald

Published: June 08, 2006 11:50 PM ET

mediainfo.com

{...The board dissension came to light this week in a U.S. Securities and Exchange Commission (SEC) filing. Tribune has refused to comment on the dissension, and in its statement Thursday said, "As has been our long-standing policy, we will continue to decline comment on private board discussions."

In its sum-of-the-parts analysis, Prudential calculates that Tribune's publishing group would sell for 10 times EBITDA (earnings before interest, taxes, depreciation and amortization) while the broadcasting group would go for 12 times EBITDA.

The Chicago Cubs could be worth $500 million, Barlow said...}
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