How Starboard Hopes to Extract Value From Tribune

The fund recently disclosed a stake in the broadcaster, 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 , 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.