How Zell Is Sinking Tribune a Second Time Around
Posted: 6/21/2013 | By: Allan Sloan | The Washington Post
Sam Zell is gone from the Tribune Co.,
but his toxic financial legacy lives on. Not only did his debt-fueled
purchase of one of the nation’s biggest media companies help precipitate
its bankruptcy, costing creditors billions of dollars and wiping out
thousands of jobs, but he also left a nasty tax mess behind for Tribune,
which exited Chapter 11 proceedings on Dec. 31.