8 posts and columns on Sam Zell

Is the L.A. Times a Charity Case? Yes, and I’ll Take It On, Says Billionaire Eli Broad.

in Media on March 10, 2009 at 8:52 am PT

One frequently floated solution to the newspaper industry’s woes: Find sugar daddies who are willing to fund them via an act of charity. Now, Los Angeles billionaire Eli Broad says he’s willing to do that to save his hometown daily.
eli-broad

Two Newspaper Properties Not for Sale: Tribune Real Estate in Chicago, Los Angeles

in Media on February 27, 2009 at 7:38 am PT

Marketing a million square feet of office space occupied by a struggling newspaper company is a tough sell. So what does that mean for the New York Times’s effort to wring cash out of its Times Square building?
chicago-tribune

Mark Cuban to Sam Zell: I’d Still Like to Buy the Chicago Cubs. Just Lower Your Price, Please.

in Media on January 6, 2009 at 7:51 am PT

Nothing like a billionaire with a blog: Mark Cuban uses his this morning to explain that he’s still in the market for the Chicago Cubs–just not for $1 billion cash. Also, he’d like more time to raise money to buy the team. Sam Zell, are you listening?

Tribune Files for Chapter 11; Who’s on the Hook?

in Media on December 8, 2008 at 12:07 pm PT

As predicted, Sam Zell’s Tribune Co. has filed for Chapter 11 bankruptcy protection. In the company’s initial filing, it lists assets of $7.6 billion and $12.9 billion in liabilities. Much of that debt belongs to big banks, of course–J.P. Morgan has more than $1 billion by itself. But Tribune owes lots of money to lots of media companies, too.

Tribune Co. Headed for Chapter 11?

in Media on December 7, 2008 at 5:14 pm PT

One of the country’s biggest newspapers may be headed for bankruptcy court. Tribune Company, which owns the Los Angeles Times, the Chicago Tribune and a host of other media properties, has hired the Lazard investment bank and law firm Sidley Austin to try to stave off a Chapter 11 filing. But that may not be enough: Owner Sam Zell, who took on substantial debt to buy the company for some $8 billion last year, is reportedly preparing for a possible bankruptcy filing “as soon as this week.”

Shhhhhh! Media, Tech Moguls Meeting Today. Don’t Tell Anyone!

in Media on November 11, 2008 at 8:08 am PT

Under normal circumstances, if the CEOs of big companies like Cisco, Microsoft, and Comcast speak in front of an audience of bigwigs, it’s news. But you’re unlikely to hear what John Chambers, Steve Ballmer and Brian Roberts say today and tomorrow at Quadrangle’s Foursquare conference–no press allowed. Unless…