NY Times: For Tribune Buyer, a Storm to the West. The Los Angeles Times was nothing but trouble for the Tribune Company, and it may prove even more of a challenge for its new owner, Samuel Zell.
Zell is a smart, smart businessman. He knows zip, he’s made clear, about newspapers and media.
Will he milk the cow — which has more life in it than the utter pessimists believe — or try to run a longer-term business? There’s absolutely nothing in his record to suggest that he cares about anything except cashing in.
If I worked as a journalist for Tribune Co. today, I’d be even more worried.