Sam Zell Press Conference Roundup

Tell Zell reports that after missing the Sam Zell/Randy Michaels press conference yesterday, he caught it and was unimpressed:

The entire argument collapses on a single point. No newspaper is losing money. Each paper takes in more cash than it pays out. The problem is, they don’t take in enough money to pay off Sam’s $13-billion debt.

(Extra points go to the InkStained Retch for linking to this Los Angeles Magazine piece.

The Hartford Courant wasn’t any easier

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Spring Special

Save 30% Off an ADWEEK Subscription Today!

View Your Options

Already a member? Sign in