Tag Sam Zell

Sam Zell. Worse than you thought

He personally has little money in Tribune, and funded the purchase with the employee’s stock ownership plan, something they had no say it. Then he deliberately destroyed any quality journalism. Why is this legal?

Tribune Co. to file bankruptcy

Among other newspapers, the Trib owns the Chicago Tribune and Los Angeles Times. Sam Zell, aging real estate developer, bought the Trib boasting about how he would pump up the subscriber base, yet by his utter cluelessness and short-sighted greed,…