News Brief

Tribune Sets $2 Billion Repurchase, Asset Sales

May 30, 2006, 8:31 AM
  • Comment
  • Recommend
Subscribe to MediaDailyNews

Tags

Tribune Co. this morning announced plans to spend upwards of $2 billion to repurchase as much as 75 million shares, or about 25 percent of its common stock. The repurchases would be funded through a combination of bank debt and bonds, which would be repaid from a combination of free cash flow and proceeds from at least $500 million in non-core asset sales.

Be the first to comment on "Tribune Sets $2 Billion Repurchase, Asset Sales"

Leave a Comment

Sign in to leave a comment. Don't have an account? Join Now

Recent MediaDailyNews Articles

>> MediaDailyNews Archives