Wednesday, August 19, 2009

Zell Gives Up

Report: Ready to leave TribCo.

The New York Post is reporting that Zell is "ready to walk away" from the Tribune Company, ending one of the most inglorious chapters of newspaper ownership in Chicago history.

And just to make sure Zell has gotten the message from angry creditors already reportedly organizing a putsch, those lenders have now asked a bankruptcy court for permission to investigate Zell's kinky and controversial $8.2 billion takeover of the media giant,according to the Sun-Times. [Click for MORE]

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