Sam’s Big Day: Billionaire Sam Zell took over control of the Los Angeles Times and the Tribune Company on Thursday in what the LAT calls, “a debt-heavy deal that creates tremendous opportunities and risks for one of America’s top newspapers.” Wanna hear Sam Zell talk about it? There’s video on the site.
LAT Staffers… Hopeful? It’s rare that newsroom folk greet change with anything other than grumbles, but some seem downright optimistic about Sam Zell’s takeover of Tribune. Their relative happiness is totally foreign to us and is kinda freaking us out.
No Time For Losers: First order of business, according to Sam Zell: Sell the Cubs. Or maybe he’ll just give the team to Geffen as a consolation prize.