Revolving Door Newsletter: 03.21.08
Media Moguls Target Newsday
March 21, 2008
So much for Sam Zell
he wouldn't sell off Tribune Co. piecemeal. He's considering doing exactly that with the shadow auction
, now in play with a guesstimated price tag of $350-$400 million. That would almost make up for the $500 shortfall in profits last year at Tribune, which is doing even worse than Zell thought (and he didn't think much of the company.) Rupert Murdoch
and Mort Zuckerman
-- owner of the New York Post
and Daily News
, respectively -- have offered to form...
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