Tribune's Downfall Is Industry Warning
Media Post, December 10, 2008
By Diane Mermigas
Tribune Co. is a classic textbook case on how not to take a media company private, especially in hard times. But the real tragedy will be if owner Sam Zell adds insult to injury by failing to use Chapter 11 restructuring to undertake a dramatic digital reinvention. Until Zell and other old-line newspaper publishers and broadcasters stop lying to themselves, their businesses and their employees will continue to suffer.
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