A 'Public LBO' for the Tribune?

Billionaires Ron Burkle and Eli Broad say their offer for the sagging media giant would give shareholders a private equitystyle payout

Two billionaires say they can help restore struggling Tribune (TRB) to health. Supermarket investor Ron Burkle and homebuilding and insurance investor Eli Broad are offering to spearhead what amounts to an unusual public leveraged buyout of the media company.

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