Thursday, 20 June 2013

Business: Columnists and Blogs - The Washington Post: How Zell is sinking Tribune a second time around

Business: Columnists and Blogs - The Washington Post
Check out columns and blogs from the Washington Post Business section for business policy news, economic and domestic policy news, personal finance news, technology reviews, local business news and much more.
How Zell is sinking Tribune a second time around
Jun 20th 2013, 22:58

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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