Monday, December 08, 2008


Tribune collapses on top of its employee stock ownership plan

For continuity, here is an article about how Tribune employees are being trapped and how owner Sam Zell might lose only a small fraction of his great wealth. Oh, and the Cubs franchise is not part of the bankruptcy filing.

Tribune Bankruptcy Snares Employees
Real estate mogul Sam Zell built a complicated deal to take over Tribune Co., putting little of his own money at risk

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The Tribune newspaper org suffers from old modelitis and is doomed.

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