How Starboard Hopes to Extract Value From Tribune
The fund recently disclosed a stake in the company, an investment suggesting a campaign pushing for stock buybacks, asset sales or an auction of the whole company could be next
Starboard Value's Jeff Smith recently disclosed a 6.6% stake in Tribune Media (TRCO) - Get Report , one of the fund's largest positions and an investment that suggests an activist campaign pushing for stock buybacks, asset sales or even an auction of the whole company could be next.
The activist investor's securities filing late on Tuesday disclosing the position provides few details. It does say, however, that Smith may make recommendations to the television station owner involving board structure, capitalization and "potential business combinations."
