New York Times
Tribune's stock is at $25.67, which is 25% below the $34 offering price. "A lot of people are betting [the takeover] won’t get done, at least not at that price," says analyst
Dave Novosel. "From the beginning, it was dicey whether cash flow going forward was good enough to cover the debt, and Tribune has been struggling since then -- declining revenue, weaker margins." Another analyst says: “The biggest risk to the deal is
[Sam] Zell getting cold feet and trying to reprice the deal, but we think that’s very unlikely." || Related pieces from
LAT,
Content Bridges and
WSJ.
