Why does the Associated Press mention Zell's religion in an article about a business transaction? Is it trying to stoke fears of the "Jewish media conspiracy" ??

The Tribune transaction at 11.0 times cash flow - inclusive of assumed debt is rich, but can work out. I would not be surprised if manager owners joined the ownership team by the purchase of common stock warrants. The use of ESOPs in family business succession will become a much better known planning option.