Trib boss Zell on way out (Dinosaur Media DeathWatch™)

Chicago Sun-Times ^ | August 14, 2009 | David Roeder

[abb]

Easy come, easy go.

[abb]

ping

[Don Corleone]

Poor Col. MacCormick

[stephenjohnbanker]

Zell should have stuck to commercial real estate.

[abb]

http://townhall.com/columnists/RichTucker/2009/08/13/wed_rather_not_have_fewer_sources
Rich Tucker :: Townhall.com Columnist
We’d Rather Not Have Fewer Sources

http://www.boston.com/business/articles/2009/08/14/economy_tests_medias_diversity/?page=full
Economy tests media’s diversity
Newsrooms struggle to look more like the audience

[the invisib1e hand]

"These were imbeciles who had no idea what they were doing."

Welcome to the Age of the Imbecile.

[Boiling Pots]

Hard come, easy go.

[abb]

The Chandler heirs got out just in the nick of time.

http://en.wikipedia.org/wiki/Otis_Chandler#cite_note-LatObit-0

[Oldpuppymax]

Don’t know a thing about it, but where exactly does “Shortshanks” come in? Nothing on such a large—read EXPENSIVE—scale happens in Chicago without the Mayor getting a slice, or getting even for being left out.

[abb]

http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1004003286
More Newsroom Cuts at 2 Wisconsin Papers

http://www.wwd.com/media-news/fashion-memopad/memo-pad-jon-hamms-moment-businessweek-sale-seen-heating-up-2241481?page=2
Businessweek Sale Seen Heating Up

http://cancelthebee.blogspot.com/
Fresno Bee Guild says NO to management’s vacation burndown proposal

http://recoveringjournalist.typepad.com/recovering_journalist/
Bill Wyman Speaks Truth to Power

[abb]

There was some smoke several months ago regarding the sale of the Chicago Cubs and the feds got interested. Maybe that was his connection. But the Tribune Company is much more than the Cubs and the Chicago newspaper. LA Times, a couple of TV stations, the Orlando Sentinel, Baltimore Sun, etc.

http://www.chicagotribune.com/business/chi-thu-tribune-blagojevich-zellmar12,0,6176923.story
Tribune Co. chief Sam Zell interviewed by federal prosecutors in criminal probe of former Gov. Rod Blagojevich

[martin_fierro]

[Hardastarboard]

The creditors, . . . would stage a takeover of their own and sell off the company's newspapers and broadcast stations as they see fit.

Please, Uncle Rush, please, pretty please - buy these commie b@$t@rds out for pennies on the dollar and either fire all the liberals (which is pretty much everyone) or force them to write conservative commentaries and slant the news to the conservative side. Please, huh, please, huh?

[abb]

Now he can go back to writing stories about puppies...

http://gawker.com/5002815/exclusive-sam-zell-says-fuck-you-to-his-journalist

Exclusive: Sam Zell Says ‘#### You’ To His Journalist

[Zakeet]

Zell should have stuck to commercial real estate.

Unfortunately, that market typically dies about 18 months to two years after the economy and market tanks. Most analysts think it will soon be in worse shape than the housing market -- or even newspapers, for that matter.

[stephenjohnbanker]

True, but Zell used REAL (not 2004-2009 inflated) equity to buy this albatross. He had billions in REAL equity from long term holdings. He blew it trying to become a media mogul.

[stephenjohnbanker]

“Most analysts think it will soon be in worse shape than the housing market — or even newspapers, for that matter. “

I read somewhere on FR this week that 2.2 trillion in comml. real estate loans are delinquent(90 days or more of nonpayment).

[Landru]

Nice try, Sam.

Economy tests media’s diversity
Newsrooms struggle to look more like the audience

Good GRIEF!!!
The suckers are goin' down fast, be dead in mere months and they're concerned about diversity in newsrooms??
BWWWWWHAAAAA!!!!!

What newsrooms. :o)

[abb]

IIRC, Zell himself put “only” $350 million into the deal. While that’s a lot of money for sure, he still has most of fortune intact. He convinced Brian Greenspun to put money into the deal, also.

http://www.latimes.com/business/la-fi-greenspun21dec21,0,1038265.story
Owner of Vegas paper takes part in Zell’s gamble

[Zakeet]

I read somewhere on FR this week that 2.2 trillion in comml. real estate loans are delinquent(90 days or more of nonpayment).

Who knows? The Feds have been cooking the books so much lately nobody knows what's going on. And Congress refuses to let the GAO audit their books because "we wouldn't understand, and don't really want to know."