Will Zell remain?
When a restructured Tribune Company emerges from bankruptcy, will Sam Zell, the man who took the company private, remain? The New York Times’ DealBook blog reports that it’s a possibility, even though Zell’s personal $315 million investment in the company “will almost certainly be wiped out.”
Would Zell even want to stay on, in a venture he now publicly describes as a “mistake” and a “deal from hell”? Tribune’s major creditors have yet to weigh in.
The post neatly summarizes the $8 billion deal gone awry.
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