Is Sam Zell about to walk away from the steaming pile of newspaper sludge he’s created?
So much for Sam Zell, newspaperman.
The developer, who arranged a controversial $11.7 billion employee buyout of newspaper giant Tribune only to see the company careen into bankruptcy a year later, is on the verge of giving up his claims to buy a huge stake in the company and, according to a source familiar with the matter, is ready to walk away from the company.
Sam, sell. Sam – sell. Sam sell!
Previously on FBLA: