Business
US media giant Tribune Co. files for bankruptcy
AFP
Published: 10.12.08, 17:18
Comment Comment
Print comment Print comment
Back to article
4 Talkbacks for this article
1. The Los Angeles Times is anti-Israel
Ronny   (12.10.08)
and it's good that it didn't pay off.
2. In the 1990's, I urgently advised relatives to sell the LA
Rivkah   (12.11.08)
Times and get out of the Los Angeles publishing business because of the earthquake hazard there. They sold their publishing empire, but the danger was economic instead of geographic. Still, it was well that they bailed out when they did.
3. "Factors beyond our control..." Really, Mr. Zell?
Global Citizen ,   Israel & USA   (12.12.08)
How many "little" employees suggested you move with the times (no pun intended)? Were they just ignored, or fired for insolence, too? Maybe even told to f-off by your personal foul mouth? Now they'll go hungry for the holidays, while you barely feel the dent in your bloated bank account.
4. What financial house put this deal together?
David ,   Hartford USA   (12.12.08)
Just proves that all of them are greedy morons. Mr. Zell, does this mean the deal could only work if you had a 'perfect storm' of good business climate? And you still went for it? Did you never consider that business could be bad for an extended time? Never? Didn't your bankers mention this? Once again, greedy guys with other-peoples-money make deals that enrich themselves and everyone else gets screwed. Does Zell lose his mansion or fancy cars? Does he make-good the loss from his personal funds to the people who entrusted him with their money? When the 'mighty' fall, they usually deserve it. I wonder when his lawyers will approach the gov for a bailout?
Back to article