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Article: Internet Publisher Andy Martin Offers to Purchase [Chicago] Tribune Company.
- Article from:
- PR Newswire
- Article date:
- March 31, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, March 31 /PRNewswire/ -- Internet publisher, broadcaster and media critic Andy Martin will hold a New York City news conference on Sunday, April 1 to announce he has submitted an offer to purchase the Tribune Company at $35 per share. Martin told independent directors Saturday his proposal was a form of "peoples' equity" instead of "private equity," and would allow existing shareholders to profit if he succeeded in turning around the media conglomerate. Martin noted he had begun at the bottom in his communications industry experience, as a home delivery newsboy carrying the Hartford Courant each morning. His letter offering to purchase the company is posted at ...
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