Former Trib Owners Won't Appeal Closing Date

Former Trib Owners Won't Appeal Closing Date

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(Salt Lake City-AP) -- Former owners of The Salt Lake Tribune don't plan to contest a judge's order that gave them the choice of buying back the newspaper this Friday for 355-point-five (M)million dollars or losing their rights to regain Utah's largest daily.

Attorneys for Salt Lake Tribune Publishing Company -- the ousted management group led by the wealthy McCarthey family -- told the Tribune's current owner MediaNews Group Incorporated that they have no plans to further appeal the order.

Instead the McCartheys are moving ahead on another appeal that attempts to throw out the Tribune's appraised value of 355-point-five (M)million dollars. They contend the figure is 100 (M)million dollars or more too high. Their lawyers are preparing an appeal to the tenth U-S Circuit Court of Appeals in Denver.

(Copyright 2003 by The Associated Press. All Rights Reserved.)

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