Market confidence slipping on complex Zell deal

Chicago Tribune – Following Tribune's announcement late Wednesday that May revenues had fallen 11.1 percent -- bringing the year-to-date decline to 5.6 percent -- the company's stock lost 1.3 percent to close at $29.57 Thursday, or 13 percent below the $34 price Tribune pledged to pay for its shares outstanding.
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"It's an indicator that the market's appetite for the deal is waning," Donnelley said.

Investors aren't the only ones anxious about this deal. Employees are too. We've noted a significant increase in page views to our posts on the ESOP here and here. (end of post)