Tribune Co. would rather be in the lemonade business

Media watchers are closely eyeing the Tribune Company following a board meeting last Thursday, when the company dropped the usual “exploring strategic options” bombshell.

Media watchers are closely eyeing the Tribune Company following a board meeting last Thursday, when the company dropped the usual “exploring strategic options” bombshell.

Particularly interested are those in Los Angeles, where the LA Times could be put up for sale in the near future. Like Knight Ridder, which recently auctioned off its newspapers like so many repossessed cars, Tribune is under pressure from shareholders who have little faith in the future of any newspaper company, history be damned. If David Geffen buys the LA Times, we could all live to regret this day. See WSJ story here.

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