Zell's Tribune: The Canary in a Scary Mine
Sam Zell's folly will be the first in a wave of newspaper restructuring and consolidation
For the foreseeable future, Tribune will remain intact (apart from selling the Cubs baseball franchise). Perversely enough, it helps that there's apparently no one willing to offer knockout prices for key assets, and that those assets are declining in value so quickly no one is sure what many of them are worth. If the businesses and deal markets were robust, lenders would be salivating at the thought of breaking up the company. The sheer complexity of the ... Full Story »
Posted by Kaizar Campwala
Wake up folks our economy is going to change.