Well, Zell's antics are no doubt refreshing in the newspaper business which has become the dumping ground for the handicapped and the homosexual, the unproductive and the risk averse manager, the conniving jouralist and the editor that suffers from too many masters degees and not enough time on the police beat. But turning a daily newspaper into a suburban ad fetcher somehow is not the answer either. If it was, Zell would have bought that business instead.
Today we learn Zell's found a $300 million honeypot in the Tribune's pension fund ("over funded" - as though there could ever be such a thing). Perhaps now we know why he bought the company.
Well, Zell's antics are no doubt refreshing in the newspaper business which has become the dumping ground for the handicapped and the homosexual, the unproductive and the risk averse manager, the conniving jouralist and the editor that suffers from too many masters degees and not enough time on the police beat. But turning a daily newspaper into a suburban ad fetcher somehow is not the answer either. If it was, Zell would have bought that business instead.
Today we learn Zell's found a $300 million honeypot in the Tribune's pension fund ("over funded" - as though there could ever be such a thing). Perhaps now we know why he bought the company.