Biz: That guy who bought Tribune, Sam Zell, regrets his decision
- By definition, if you bought something and it’s now worth a great deal less, you made a mistake and I’m more than willing to say I made a mistake. I was too optimistic in terms of the newspaper’s ability to preserve its position.
- Sam Zell • Who bought Tribune in 2007, then, burdened by debt, was forced to massively reorganize the company, laying off thousands and bankrupting the company in the process. Good show, chap. • source