Sam Zell's Tribune Co., which owns the Chicago Tribune, the Los Angeles Times, other daily newspapers and media properties — filed for Chapter 11 bankruptcy protection this week.
As we now know, Sam Zell's diversification plan outside of real estate didn't work out, nor did his frantic search for more revenue for his newspapers.
Showing posts with label Tribune Co.. Show all posts
Showing posts with label Tribune Co.. Show all posts
Tuesday, December 9, 2008
Tuesday, September 4, 2007
For sale? Chicago Cubs
From DealBreaker.com, we are reading reports that Chicago billionaire Sam Zell will unload the Chicago Cubs after he consumes the Tribune Co.:
A very interesting M&A battle could soon heat up on the North Side of Chicago. Various news reports say that if/when Sam Zell finishes buying Tribune Co., he will put the Cubbies up for sale. Two of the expected bidders are Madison Dearborn chief John Canning and Dallas Mavericks owner Mark Cuban. A contrast in styles, to say the least…
via DealBreaker
Subscribe to:
Posts (Atom)