Comment on Is Sam Zell the Howard Stern of the newspaper industry? And is that so bad?

Is Sam Zell the Howard Stern of the newspaper industry? And is that so bad?

Image via Wikipedia In retrospect, I can see why real estate billionaire Sam Zell thought buying the Chicago Tribune, Los Angeles Times, Orlando Sentinel and all their related newspapers and media companies—plus the Chicago Cubs baseball team and its home, Wrigley Field—seemed like a classic ploy. Buy a big family-owned business on the skids for a discount, squeeze out greater efficiencies from its processes and earn back your purchase price by selling its more valuable assets individually.

 

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