Sam Zell

Zell, As Creditor, Sues Tribune Co.'s Former Shareholders in Bid to Recover $225 Million

Lindsy Embree — Wed, 21 Dec 2011 11:21:57 -0500

Full article: Chicago Tribune
Michael Oneal
In a strange twist even by the standards of the tangled Tribune Co. bankruptcy, Chicago billionaire Sam Zell filed two suits against the company's former shareholders seeking to claw back proceeds from the failed leveraged buyout he led in 2007.

Ultimate Grave Dance? Ruling Could Help Zell Recoup Part of Tribune Investment

Lindsy Embree — Wed, 09 Nov 2011 12:11:02 -0500

Full article: New York Times
David Carr
According to a recent report, Sam Zell, the architect of a deal that left the Tribune Company in bankruptcy with $13 billion in debt, may now be in line to recoup some of his initial $315 million investment because of a judge’s ruling on another class of debtor.

Tribune Shareholders that Sold to Zell Could Lose Billions

Stevie Converse — Wed, 20 Apr 2011 10:20:34 -0400

Full article: Media Post
Erik Sass
What originally looked like an outside chance bargaining maneuver is coming closer to reality in the never-ending saga of the Tribune Co. bankruptcy, as the one group of clear winners -- the former shareholders who sold their stakes in the company to Sam Zell in 2007 -- now stand to lose billions from these payouts.

At Tribune, Battle Expands

Stevie Converse — Tue, 19 Apr 2011 09:37:14 -0400

Full article: Wall Street Journal
Sam Zell's top-of-the-market buyout of Tribune Co. cashed out shareholders about a year before the media company tumbled into bankruptcy protection. Now, those former holders are bracing for a possible barrage of litigation aimed at clawing back more than $8 billion in payouts. If successful, any litigation would represent an unprecedented legal development, some lawyers say.

Billionaire Sam Zell Fights to Avoid Legal Claims over Tribune Buyout

Lindsy Embree — Fri, 25 Mar 2011 09:24:06 -0400

Full article: Bloomberg News
Steven Church
Tribune Co. Chairman Sam Zell is battling to avoid legal liability for leading what he called "the deal from hell," the $8.2 billion buyout of the bankrupt newspaper and television company.

Read All About It: Zell Resigns As Tribune Chairman

Lindsy Embree — Wed, 17 Nov 2010 10:52:34 -0500

Full article: MediaPost
Erik Sass
Sam Zell, the billionaire real estate mogul who engineered the disastrous 2007 buyout of Tribune Co., said he will resign his position as chairman shortly after the company exits bankruptcy.

Sam Zell to Bow out of Tribune

Lindsy Embree — Tue, 16 Nov 2010 13:11:15 -0500

Full article: Wall Street Journal
Russel Adams
Tribune Co. Chairman Sam Zell said that he doesn't see himself having an operating role in the media company after it exits bankruptcy. "I think when we're done with the bankruptcy process I will turn it over to whoever the creditors decide they want to run it, and wish them a lot of good luck," Zell told CNBC.

Chicago's Tribune Co. Files Reorganization Plan

Stevie Converse — Mon, 25 Oct 2010 12:50:23 -0400

Full article: Reuters
Tribune Co filed a reorganization plan late on Friday that will turn over control of the bankrupt newspaper publisher to its leading creditors including J.P. Morgan Chase, Angelo Gordon and Oaktree Capital Management. The reorganization plan was made public just hours after chief executive Randy Michaels, under fire from reports that he tolerated a sexist and hostile workplace, resigned.

Zell on the Hot Seat

Stevie Converse — Thu, 21 Oct 2010 08:56:31 -0400

Full article: New York Post
Josh Kosman
Tribune creditors plan to ask a judge tomorrow to rule on whether they have the right to sue Sam Zell and others who had a role in the $11.7 billion buyout of the newspaper publishing company that ended in bankruptcy.

Tribune Creditors May Sue Zell

Lindsy Embree — Tue, 14 Sep 2010 10:08:42 -0400

Full article: MediaPost
Erik Sass
The long, tortuous Tribune bankruptcy case may be disintegrating altogether, judging by the latest legal moves by unsecured creditors. They filed a petition with the Delaware bankruptcy court to ensure they have the right to sue Sam Zell if the current round of negotiations fail.