120 years in the newspaper business ends for the Chandler family

The departure from the Board of Directors of three members of California's Chandler family ends a long, troublesome relationship with the Chicago-based Tribune Company. The Chandler's agreed to resign upon the completion of the tender offer that expired May 24.

Chicago Tribune's Phil Rosenthal minces no words about the final exit of the Chandlers in his media column today: "For Tribune, which looks to go private by year's end as a result of agitation and aggravation from the Chandlers, it's like passing a stone. One only hopes the pain subsides, and there's no lasting damage."