Sam Zell Just Pulled The Needle Off The Record

Sam Zell was on CNBC’s Squawk Box yesterday to talk about real estate and the news business. On air Mr. Zell, who is getting ready to face questions from creditors in the Tribune Co.’s bankruptcy trial, said that PDFs are going to save the news business.

“Going forward it’s going to require all kinds of different approaches, including, probably the most significant, the elimination of home delivery and the replacement of it with PDFs. The iPad is the real example of almost replicating a newspaper on an instrument.”

Strangely enough, other people who aren’t in the middle of bankruptcy hearings for their media companies have said that putting PDFs on the iPad is a huge step backwards.

 

(via Reuters)