Flutterby™! : Everybody knows the fight was fixed

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Everybody knows the fight was fixed

2008-12-09 16:39:41.868613+00 by Dan Lyke 1 comments

[ related topics: Content Management ]

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#Comment Re: made: 2008-12-09 20:04:01.510173+00 by: petronius

I've heard Sam Zell speak a few times, and he is delightfully candid. He is in it for the money, and your risks are outlined upfront. Zell did not drive Tribune Co. into bankruptcy, the Chandler Family from whom Tribune bought the LA Times managed that by demanding a buy out of the corporation. Zell has been trying to sell off some of the parts of the business, like Newsday and the Chicago Cubs. (apparently our governor tried to blackmail him over the stadium sale to get some reporters fired) The upshot is that nobody else came forward to buy Tribune.