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Old 12-23-2007, 04:23 PM
 
Location: Fort Lauderdale, FL
518 posts, read 1,996,762 times
Reputation: 264

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As a former resident of Chicago who has worked in the news media for more than 25 years, I'm interested to know what the reaction has been to Sam Zell's purchase of the Chicago Tribune. Do you think he will improve the Tribune or make it worse? Also, he has taken on a boatload of debt to make this deal, and many financial analysts are betting that the Tribune Co. will go bankrupt in a few years. If the Tribune folds under such a scenario, do you think it would leave a void?
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Old 12-23-2007, 07:27 PM
 
Location: Eureka CA
8,257 posts, read 11,124,485 times
Reputation: 12575
The New Yorker had a lengthy profile of Zell about a month ago. He's not a news guy but he's not Conan the Barbarian either. Let's hope neither the Tribune nor the LA Times suffer from the change.
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Old 12-23-2007, 11:29 PM
 
2,141 posts, read 7,175,236 times
Reputation: 1251
Sam has proven to be a brilliant businessman, at least as far as real estate is concerned. I think he's very prudent and would not have purchased the Tribune if he had any anxiety over running it. I think it'll be a good thing for the company.
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Old 12-24-2007, 07:36 AM
 
Location: Turn Left at Greenland
17,700 posts, read 35,630,240 times
Reputation: 7952
Sam will make money on this deal. He'll sell of bits and pieces of the Tribune empire to the highest bidder. The Trib got in way over it's head with all the acquisitions in the 90's. He'll make loads of cash on the Cubs sale ... will it be Mark Cuban???
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Old 12-24-2007, 11:42 PM
 
Location: Chicago
15,587 posts, read 23,208,808 times
Reputation: 1761
As long as it doesnt sink to the level of the Sun-Times, the Tribune will be ok.
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