TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Bigger Losers Than You

Sam_Zell_03_CMYKaaa.jpg
The Business Sheet has composed a list of media big wigs that have lost the most money this year.

Oh to have loved and lost…better than never loving at all? Or something?

Anyway, spoiler alert – Sam Zell is number seven on the list of twenty-four notable losers:

LOSS: As Much As $315 Million

During last year’s LBO boom, real estate mogul Sam Zell used $8.2 billion in debt to purchase multimedia company and Cubs owner Tribune Co. The deal was largely financed by employee contributions to a company stock plan and gullible banks. In December, the $13-billion-in-debt Tribune filed for bankruptcy. Zell could lose some of his $315 million investment.

Rupert Murdoch is number three at $3.95 billion. And the rest of the ‘make yourself feel better but not really’ list is here.

Mediabistro Course

Travel Writing

Travel WritingStarting September 23, learn how to turn your travel stories into published essays and articles! Taught by a former Vanity Fair staff writer, James Sturz will teach you how to report, interview, and find sources, discover story ideas and pitch them successfully, and understand what travel editors look for in a story. Register now!