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Tribune's Troubles Due To Sam Zell's Greed
dl@... Updated - 22nd Dec 2008
The Tribune is in trouble because owner Sam Zell set up an incredibly complicated purchase deal that screwed over the employees, put the paper deep into debt, shamelesslly rewarded the outgoing executives with massive sums of money for selling the Tribune empire to Zell, and because Sam Zell -- a very far right wing nasty of the first order -- hates newspapers. He has single-handily dumbed down the paper, forced out most of its top reporters and columnists and decimated the reporting staff. The Tribune's flop under Zell is do more to his unbridled greed and imprudent financial moves than not understanding the new media.
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