Gapers Block has ceased publication.

Gapers Block published from April 22, 2003 to Jan. 1, 2016. The site will remain up in archive form. Please visit Third Coast Review, a new site by several GB alumni.
 Thank you for your readership and contributions. 


Thursday, October 21

Gapers Block

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The ongoing drama about the future of the Tribune Company took another turn today, as its second-largest shareholder, the Chandler family, called for its breakup and, potentially, its sale. Tribune Co. CEO Dennis FitzSimmons recently announced plans for cost cutting, stock buy-backs and sales of a few non-core holdings, but opponents say that's not enough. One contentious spot is the Cubs franchise: Sun-Times sports columnist Rick Telander isn't the only one clamoring for its divestiture. For its part, the Tribune's flagship paper is running Bloomberg News coverage of this latest development, coverage that notably concludes with the line "Not all investors back a split of the company." (Meantime, a scathing critique of the editorship of Ann Marie Lipinski in today's Beachwood Reporter.)

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