How Zell Is Sinking Tribune a Second Time Around

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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.

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