Mail    Print   Share Share

Revolving Door Newsletter: 04.03.07

Zell Buys Tribune Co., Nervous Employees Await Next Move

April 3, 2007
All eyes in the mediaverse are on Tribune Co. and its (tentatively) new owner Sam Zell this morning, after the Chicago-based real estate mogul bought the midwest newspaper conglomerate for $8.2 billion yesterday. Tribune's employees suddenly find themselves the main investors in a company that no one else seemed to want, thanks to Zell's financing gambit of creating an employee stock ownership plan that will own more shares than he does. A survey of this morning's coverage points to widespread fear and loathing inside Tribune, as the rank-and-file at The Chicago Tribune aren't sure ...

AvantGuild Sign Up Now!Sign Up Now!

The How to Pitch series is worth its weight in gold. In just the first month I'd already benefited enough to consider the cost of joining well worth it. -- Gaen Murphree
AvantGuild benefits give you access to:
  • Premium content, including our How to Pitch Guides, an indispensable tool for freelance writers. view sample >
  • Savings of up to $35 per class on mediabistro.com courses and seminars.
  • Insurance discounts for freelancers and small businesses, including medical, dental, auto and home.
  • Lots of other professional discounts, including ZipCar (a $50 value) and your choice of magazine subscriptions (a $10 value).

... and much more! View all benefits or Sign up now!

Already an AvantGuild member?

Log in here to view the full page.

Email
remember me
Password
forgot your password?