Tribune’s mad dash for cash might have some more repercussions here in Los Angeles. If things don’t perk up, FBLA has heard that the LAT Orange county production facility will be closed in January, 2009, with 41 workers losing their jobs. But imagine the savings.
Sam Zell has a payment due in December of $650 million, and over a billion in 2009, so what happens if the payments aren’t made?
Zell Conference Call April 17th