Wednesday, October 28, 2009

Sam Zell: No Newspapers Can Survive

When posed with the question of whether or not he regrets his Tribune deal, Sam Zell admitted, "It's certainly the most amount of money I ever lost in a single deal."

He goes on to say that the entire newspaper industry, including Tribune, has seen a crash in revenue, and that "nobody can survive." -- Silicon Alley Insider

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