Tales of the Tribune Co.: It's All Gone Straight to Zell

“If current trends in advertising are permanent, we have a really serious problem.” No kidding. Words to live by from Sam Zell who may have met his Waterloo in the form the Tribune deal he orchestrated last year, which he is currently referring to as “the deal from hell.” No doubt slightly more hellish for the couple of hundred employees that have lost their jobs in the past few months. And it’s not going to get better anytime soon thanks in large part to the enormous debt Zell has piled on, which “is forcing Tribune to take more and more desperate actions.”

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