A Huffalump did his business here...: Selling Out for Buybacks

Saturday, September 09, 2006

Selling Out for Buybacks

Earlier this year, management of media giant Tribune (TRB) took some dramatic steps to appease shareholders upset over the company's stagnant stock price. Tribune agreed to borrow as much as $2 billion to repurchase 25% of its shares, in a move designed to boost its return

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