Monday, April 2, 2007

UPDATE 2-L.A. Times staff uncertain about new owner

(Reuters) - LOS ANGELES, April 2 - Staff at the Los Angeles Times, shaken by months of turmoil, voiced anxiety on Monday over Chicago billionaire Sam Zell's planned buyout even as the paper ran a story about the real estate mogul's reputation as a hard-nosed "grave dancer."

The Times' corporate parent, Tribune Co., announced it had accepted Zell's offer to take the newspaper and broadcasting giant private in a bid valued at $34 per share, or about $8.2 billion.


Read more at Reuters.com Mergers News

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