[lbo-talk] the death of newspapers (cont.)

[Michael Perelman]

How much did Zell loose?  I understood he put up $300,000.  I assume that he pulled 
about a lot of fees before he pulled the plug.

On Mon, Dec 08, 2008 at 02:09:14PM -0500, Doug Henwood wrote:
> NEWS ALERT
> from The Wall Street Journal
>
>
> Dec. 8, 2008
>
> Tribune filed for bankruptcy-court protection, in a sign of worsening 
> trouble for the newspaper industry.
>
> Tribune has been on wobbly footing since last December, when real-estate 
> mogul Samuel Zell led a debt-backed deal to take the company private. 
> Tribune owns eight major daily newspapers, including the Los Angeles Times, 
> Chicago Tribune and Baltimore Sun, plus a string of local TV stations.
>
> http://online.wsj.com?mod=djemalertNEWS
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-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
michaelperelman.wordpress.com