Sam Zell's Idea of a Joke

The Tribune Co. issued this April Fool’s Day press release:

TRIBUNE COMPANY ANNOUNCES NAME CHANGE
Zell Tells Employees of Switch in an Email;

Company Announces Revenue Generating Efforts To Offset Debt

CHICAGO, April 1, 2008 — Tribune Company, the largest employee-owned media company in the nation, today announced it has changed its name to ZellCoMediaEnterprises Inc. or ZCMEINC. Zell, who made a fortune in real estate before deciding he’d like to dabble in an industry completely unfamiliar to him, announced the change in his record-setting 437th email to exhausted employees this year.

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