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
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