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Thursday, October 26, 2006

David Faber Discusses His Ongoing Buyout Stories

David Faber on CNBC today said that the private equity firms are circling tribune (TRB), but the deal might not come at much of a premium to current prices. He said that there has to be a feeling that some of the newspaper erosion has slown down or ended (which is unlikely), and that is what would have to be justified at current prices. He also noted that the private equity firms also have to have an exit strategy down the road. Shares of Tribune (TRB) are up 2.6% at $33.87

He also noted that the Mays family has still been entertaining interest after Clear Channel (CCU) announced that it had hired Goldman Sachs to evaluate alternatives and to increase shareholder values. He earlier discussed how some of the private equity firms that are interested in ClearChannel could even have some FCC issues because they are involved in the acquisition of Univision (UVN). CCU shares are up 9.3% at $35.36.

Jon C. Ogg
October 26, 2006
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