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Lenders may take Tribune, oust Zell

Discussion in 'Journalism topics only' started by BTExpress, Jun 7, 2009.

  1. BTExpress

    BTExpress Well-Known Member

    One of a hundred things that could happen, I suppose.

  2. OnTheRiver

    OnTheRiver Active Member

    If'un we're all gonna go down, I s'pose the Head Asshole in Charge oughta come, too.
  3. zebracoy

    zebracoy Guest

    Keep your fingers crossed.
  4. slappy4428

    slappy4428 Active Member

    We don't have that kinda luck.
  5. BTExpress

    BTExpress Well-Known Member

    The most unintentionally funny line comes near the end . . .

    "The new owners will also have to consider how much it would cost to replace Tribune Co.'s ESOP with a retirement plan attractive enough to retain employees -- a 401(k) plan with a company match, for instance.''

    RETAIN employees? Since when has Tribune spent one nanosecond making that a consideration in any decision?
  6. PeteyPirate

    PeteyPirate Guest

    Speaking as a lender who's in the midst of negotiations like this with at least two failing clients, we don't want anything to do with running a company. If this happens, it's the absolute last resort.
  7. SF_Express

    SF_Express Active Member

    I'm all for Zell paying for what he has done to Tribune, but unfortunately, he might be deposed but still walk away with a lot of money as a top creditor, and who's to say the financial types who replace him are going to be any better at running a newspaper for the right reasons?

    My answer to the second question is that it's likely to be no better and could well be worse.

    So it'll be some satisfaction for a measure of discomfort for Zell, but could be little else.
  8. Joe Williams

    Joe Williams Active Member

    OK, well, I'll settle for that.
  9. FishHack76

    FishHack76 Active Member

    What will he do with himself?
  10. SixToe

    SixToe Active Member

    Find something else to help "innovate?"
  11. goalmouth

    goalmouth Active Member

    This is what happens when the dipshits-in-charge think the keys to success are puppies and Columbo raincoats.
  12. SixToe

    SixToe Active Member

    Or kittens ... don't forget the kittens in Atlanta.

    Please, think of the kittens.
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