The new owner, Sam Zell, is "bullish" on the news business and developing the Internet side of the Tribune's holdings, his soon-to-be papers report. He's baldish, gnomish, sent his brother-in-law to jail, and is fond of ducks, motorcycles, salty language and contemporary art. What's not to like? (Though the title "vulture investor" is a bit unsettling. And all that debt.)
More coverage: NYT
1 comment:
Yeah, Zell is one fiesty guy. His Equity Lifestyle Properties has bought up actual trailer parks (not just the nice California ones cited in that article) all over the country and jacked up the rents. A number of residents in these parks are mostly retired and on fixed-incomes. But Zell is a laser-guided businessman and can't be expected to care if his renters are eating out of dented Friskies cans. He's giving them hell, alright.
Anyway, it wouldn't be too surprising if Zell sells off the Sun. I doubt it could be profitable enough for him.
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