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.
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Wednesday, April 24
The Tribune Company received just three bids in its self-auction, and none look all that appealing, according to the Wall Street Journal. The Chandler family, the former owners of the LA Times who own 20 percent of TribCo.'s stock, made the best offer, but it's just a little higher than the current stock price. Read the Chandlers' letter here [PDF]. One of the others was for just the broadcast division.