Take Back the Times: Does Sam Zell Have Any (Good) Ideas On Future?

Although it's true that billionaire real estate magnate Sam Zell has not yet assumed full control of the languishing Tribune Co., he may not be able to safely wait until the end of the year to put forward his ideas for rejuvenation, if he has any. Tribune Co. says revenue slipped drastically again in May, by 11.1%.

[CUT]

Zell said only that advertising sales techniques must be improved. But that goes without saying. Otherwise, he asked, essentially, for time, until the deal closes.

But the L.A. Times and other Tribune newspapers may not have time. If further cutbacks and layoffs are to be avoided, fueling a continued downward spiral, things are going to have to turn brighter revenue-wise, or at least level out.

[CUT]

All over the country, newspapers are in trouble, but not as much, usually, as Tribune. The New York Times was down 3.6% below last year, according to a recent statement. In California, both the San Francisco Chronicle and San Jose Mercury-News are cutting back so much, there is fear they may go under.

Continue reading entire article by clicking on link below.

Take Back the Times: Does Sam Zell Have Any (Good) Ideas On Future?