Sam Zell: Newspapers' Sluggishness Putting Plan to Preserve Tribune in 'Question'

The Tribune Company conference call is still going on. In introductory remarks, Sam Zell told investors that when he bought Tribune there was originally a “goal to preserve everything together.” Presumably he means all the newspapers, Wrigley Field and the Chicago Cubs, and the broadcasting properties. But the “significant erosion” of advertising money and revenue drops in the newspaper industry, he said, has “certainly put that plan into some question. And we’re forced to consider the divestiture of some of our assets.”

Sam Zell: Newspapers' Sluggishness Putting Plan to Preserve Tribune in 'Question'