Sam Zell: No Newspapers Can Survive
Silicon Alley Insider, October 29, 2009
By William Wei
In a recent interview, Sam Zell admitted that the Tribune deal may have not been the best business decision, "It's certainly the most amount of money I ever lost in a single deal." He went on to say that the entire newspaper industry, including the Tribune Co., has seen a crash in revenue, and that "nobody can survive."
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