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Carlyle Group reportedly among possible bidders for Tribune Co.

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Mind_your_head Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-27-06 11:10 AM
Original message
Carlyle Group reportedly among possible bidders for Tribune Co.
<snip>
The Tribune Co., the embattled publisher of the Los Angeles Times and Chicago Tribune, is mulling an outright sale of the company, asking private-equity firms, including one based in Washington, to submit nonbinding indications of interest by the end of the month, according to a Monday report from The Wall Street Journal.

According to the report, three groups have emerged as possible bidders:

D.C.-based Carlyle Group;

Madison Dearborn Partners, Providence Equity Partners, and Apollo Management;

Thomas H. Lee Partners and Texas Pacific Group.

The report said that some bidders think the Chandler family, the largest shareholder in Tribune after the purchase of Los Angeles' Times Mirror in 2000, would accept a per-share buyout bid in the mid-$30s.

In addition to the Times and Tribune, Chicago-based Tribune Co. (NYSE: TRB) owns Newsday, the Chicago Cubs and 25 television stations.

<snip>

http://washington.bizjournals.com/washington/stories/2006/10/23/daily12.html

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Further "media-monopoly" by the * Cabal?

Sorry if this has been posted before...I looked but didn't see anything about it, so I thought I'd post.

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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-27-06 11:22 AM
Response to Original message
1. Carlyle Group's mission statement: "We will not stop until we own
...everything there is that is worthwhile to own and trammeled everything else into the dust."
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Kolesar Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-27-06 11:25 AM
Response to Original message
2. Another thread in DU GD with the same source
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Mind_your_head Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-27-06 11:29 AM
Response to Reply #2
3. ah, thanks......didn't see it (although it was on the greatest page too!)
Gee, this place moves fast! ..... it's easy to miss things.
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itsmesgd Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-27-06 11:35 AM
Response to Reply #3
4. How long before the Carlyle Group get their own forum here
It seems that there are countless CG issues on this site. They need to have their own forum or grouping so that we can keep track of them easier.

Here's a link to another thread of interest.
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=364x2487927

peace
sgd
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Mind_your_head Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-27-06 12:11 PM
Response to Reply #4
6. That is an interesting thread - lots of info
Thanks for referencing it.

Not sure if it would be wise for the Carlyle Group to have it's own forum or not here....more people get to see the information if it's posted in General Discussion (GD).

AnneD states that they've been tracking Carlyle on the Stock Watch Thread (forum?) for some time.

Peace & Welcome to DU!
M_Y_H :hi:
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shance Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-27-06 11:59 AM
Response to Original message
5. More of the rich privileged white males controlling our information
what we hear, what we see, what we believe.
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