TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook GalleyCat UnBeige MediaJobsDaily

Tribune Co. Sold To Zell For $8.2 Billion

After months of negotiations that saw few bidders, the Chicago-based Tribune Co., owner of the Chicago Tribune and Los Angeles Times, announced this morning its sale to billionare Sam Zell for $8.2 billion.

Zell outbid Los Angeles-based billionaires Eli Broad and Ron Burkle, upping his bid late last night.

The company also plans to sell the Chicago Cubs and its 25 percent interest in Comcast SportsNet Chicago after the conclusion of the 2007 baseball season.

tribuneco_sale_zell.jpg

  • Bloomberg: Burkle and Broad’s 11th-hour Effort Falls Short

  • LAT: Zell ‘A Vulture Investor’
  • Chicago Tribune: An Epic Corporate Drama
  • NYT: Battle of the Billionaires
  • Mediabistro Course

    Freelancing 101

    Freelancing 101Learn how to manage a top-notch freelancing career! Starting December 1, you'll hear from our expert speakers on the best practices for launching a freelancing career, from the first steps of self-advertising and marketing, to building your schedule and managing clients. Register now!