Sam Zell visited Bloomberg TV to proclaim that Tribune Co. would be out of bankruptcy by the end of the first quarter. But when asked if he regretted the deal — if it was, in fact, the “worst business decision he’s ever made” — he didn’t back down.
“It’s certainly the most amount of money I’ve ever lost in a single deal,” he said.
However, Zell said that given the challenges facing all newspaper companies, “Nobody can survive.”
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