No PE Play for Tribune

Tribune Co. received two bids at yesterday’s deadline, but neither was from a private equity consortium. One is from Eli Broad and Ron Burkle, which essentially would act as a refinancing with Broad and Burkle becoming Tribune’s largest shareholders in exchange for $500 million. The other comes from the < ?xml:namespace prefix = st1 />Chandler family, which currently is Tribune’s largest shareholder. The Chandler offer values the company at $7.6 billion