June 16, 2006 |
The sniping over the future of Tribune Co. escalated Thursday as the media conglomerate's independent directors responded to this week's scathing attack on the company by the former owners of the Los Angeles Times. The directors denounced as "untrue" and "unfounded" the Chandler family's allegations -- leveled in a regulatory filing Wednesday -- that Tribune's board acted rashly in launching a $2-billion stock buyback now underway.
April 3, 2007 |
After more than 120 years, the Chandlers are getting out of the newspaper business. The much-celebrated and maligned family that once dominated the civic, cultural and political life of Southern California through its control of the Los Angeles Times agreed Monday to sell its entire stake in Tribune Co., the newspaper's parent.
October 13, 1985
For a book about the development of Los Angeles, and the role played in that development by the Otis-Chandler family from 1881 to the present, I would appreciate hearing from anyone who either worked for, or had contact with, the Chandler family. LAWRENCE S. DIETZ 840 Pine St. Santa Monica, Calif. 90405
June 25, 2006 |
For years, Chandler family lawyer William Stinehart Jr. has played the invisible front man. One person who served with Stinehart as a director of Chandler-controlled Times Mirror Co., the former owner of the Los Angeles Times, couldn't recall him. The executive, who requested anonymity, drew a blank even after viewing a photograph of Stinehart. People who have been in meetings with the Los Angeles tax lawyer confirm that he's taciturn. Former Times Senior Vice President Jeffrey S.
June 25, 2006 |
In 1995, Jeffrey Chandler decided to break with tradition and expose a family schism. A member of the large, extended and very private family that owned the Los Angeles Times, he had come to believe that the newspaper had become far too liberal under the control of his cousin, Otis Chandler. It was time for The Times to return to its conservative roots, Chandler and his sister, Corinne Werdel, told Forbes magazine. "We have the inmates running the asylum," Werdel said.
October 27, 1988 |
Shares of Times Mirror Co. advanced in heavy trading Wednesday amid speculation that the diversified media conglomerate would be the target of a leveraged buyout. Los Angeles-based Times Mirror--which owns The Times, Newsday, Baltimore Sun and other media properties--issued a statement declaring that "the company has no knowledge of any corporate development that would explain the unusual trading activity in its stock."