Saturday, November 29, 2008

What the hell was Sam Zell thinking?

The newspaper death spiral continues as noted on TechCrunch this week.

So, we decided to check in with one of our more favorite billionaires to determine what the hell happened.

In a recent interview, Sam Zell explains that a small forecasting assumption apparently turned into a big forecasting error relative to his recent purchase of the Chicago Tribune.


Think Billion$ comment: Oops.