Create buzz and develop your relationships
Who made the bigger mistake?
Replies to This Discussion
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Permalink Reply by Jean-Claude Goldenstein on -
Shekhar hi, it'd put my money on Sam Zell. He not only is a smart real estate investor but he uniquely understands how print media is moving towards user generated content online. A broader reach and less costly paper/journalists can't be a bad formula.
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Permalink Reply by Shekhar Shah on -
As of right now, it looks as if Sam Zell made less of a mistake. However, Tribune's debt burden is growing, Zell is being forced to sell assets to pay the debt off. He is shopping around the Chicago Cubs but has had no luck. Advertising revenue has been declining every quarter and there is no end in sight. I think Zell needed a place to park his money from the EOP/Blackstone deal, saw an opportunity in Tribune, bought it, and is now stuck with trying to unload it. Great article in this week's Business Week. Zell is quoted "it is a deal from hell" Only time will tell how comes out a winner
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