Wall Street Journal
Tribune Co. has asked bidders to submit nonbinding indications of interest in the company by the end of the month. So far, three main contenders have emerged, report
Dennis K. Berman and
Sarah Ellison. Group #1: Madison Dearborn Partners, Providence Equity Partners and Apollo Management. #2: Thomas H. Lee Partners and Texas Pacific Group. Carlyle Group is also active in the process. "The sentiment on Wall Street is that the Tribune auction is still a toss-up, as those close to the process ponder whether bidders will be willing to offer a high enough price to entice the company's board," write Berman and Ellison.
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Rogers in unique position to do something about Trib investment (LAT)
