Joel Sappell Says Good-Bye in AJR Piece
Twenty-six year vet editor at LA Times, Joel Sappell took his buy out. His piece ran on AJR today:
Our optimism grew when Sam Zell, soon after his highly leveraged takeover of Tribune, promised investment, not retrenchment. But that didn’t happen. Although a gifted real estate man, he’d underestimated the severity of the newspaper crisis and ordered reductions.
He also quickly began to reveal himself as thin-skinned and crass, upbraiding Tribune journalists who challenged his vision.
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