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‘A Newspaper Is A Business. It Used To Be A Fabulous Business That Made Extraordinary Margins. It’s Now A Very Good Business With Appropriate Margins’ – Sam Zell
Philip Stone October 24, 2007
Sam Zell, the Chicago billionaire who hopes to take Tribune private by the end of the year in his $8.2 billion deal, has been elaborating on what he thinks about the newspaper business, on the one hand saying the industry must accept a lot of the blame for allowing other media to pull ahead, but also how important it is that a private Tribune can make long-term decisions rather than having to worry about the conflicting short term goals of Wall Street.
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