With word out of Chicago yesterday that Sam Zell may lose control of the Tribune Company, employees of the company across the country ponder what could happen if the bankruptcy court gives control of the company to creditors?
(pictured - Victor Banuelos, Sam Zell, and Diane Riazi)
The scenarios for this exchange are not very hard to vision, the bankers will either continue to run the Tribune Company or sell off each property to recoup their losses. If the latter occurs will a new owner of the Los Angeles Times have a positive or negative impact on the newspaper and the remaining employees?
Sam Zell and Eddy Hartenstein (publisher of the Los Angeles Times) have been very tight lipped about the ado at the company, which we hope changes within the next few days.
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