{"id":4884,"date":"2006-08-16T00:00:00","date_gmt":"2006-08-16T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-buys-stake-in-tribune","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/08\/2006\/hedge-fund-buys-stake-in-tribune.html","title":{"rendered":"Hedge fund buys stake in Tribune"},"content":{"rendered":"<p>Tribune Co. shares jumped nearly 5 percent yesterday after billionaire investor Nelson Peltz reported he acquired a 1.2 percent stake in the company.<\/p>\n<p>According to a filing Monday with the Securities and Exchange Commission, Peltz&#8217; Manhattan-based hedge fund, Trian Fund Management, bought 2.83 million shares of Tribune during the quarter ended June30. Tribune&#8217;s shares rose $1.46 on the news to close at $31.24 yesterday.<\/p>\n<p>A Tribune spokesman said the company, which owns Newsday, the Los Angeles Times and Chicago Tribune, had no comment.<\/p>\n<p><a href=\"http:\/\/www.google.com\/news\/url?sa=T&amp;ct=us\/4-0&amp;fd=R&amp;url=http:\/\/www.newsday.com\/business\/ny-bztrib4852764aug16,0,7345645.story%3Fcoll%3Dny-business-print&amp;cid=1108810015&amp;ei=_xDjRLDoEpP2oAKX5_TYBw\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tribune Co. shares jumped nearly 5 percent yesterday after billionaire investor Nelson Peltz reported he acquired a 1.2 percent stake in the company. According to a filing Monday with the Securities and Exchange Commission, Peltz&#8217; Manhattan-based hedge fund, Trian Fund [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4884","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4884"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4884\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}