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Thursday Apr 24, 2008

The 'Viagra of the Newspaper Industry' Ain't on the Rise

sam_zell_new.la.03.jpg
Sam Zell sold Newsday low.

CNN's Fortune reports:

Nobody's timing was better at the top of the last boom than Sam Zell. Just before the credit markets collapsed, he sold his real estate empire for $36 billion. Now Zell is trying to sell newspapers, and his timing couldn't be worse.

Poor Zell. We'd feel bad for him...if it was Opposite Day.

Posted by Tina | 09:31 AM | Zell Watch

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