Zell: Buying Tribune was a ‘mistake’

15 Apr 2009

Billionaire Sam Zell told Bloomberg TV that buying the Tribune Company in 2007 was a “mistake.” He likened the company to a “live virus.”

His company. He can say that.

“By definition if you bought something and it’s now worth a great deal less, you made a mistake,” Zell said in the interview. “And I’m more than willing to say that I made a mistake. I was too optimistic in

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Jim Townsend