Chandler family add to Tribune sale drama

There's a new twist in the shareholders' dispute at the Chicago-based Tribune company. The Chandler family, who hold 12% of the stock, have written an 11-page letter saying that the company's strategy of combining broadcasting and newspaper properties in large cities has failed. It should therefore explore the sale of the company as a whole if its assets can't be separated. But Tribune director William A. Osborn countered that the board had already rejected such measures and still favoured a share buyback. This row clearly has a long way to go yet. (Via Romenesko)