ChicagoTribune.com
Sam Zell tells Bloomberg Television that he didn’t anticipate the steep decline in the newspaper business. “By definition, if you bought something and it’s now worth a great deal less, you made a mistake and I’m more than willing to say I made a mistake,” says the Tribune chief. “I was too optimistic in terms of the newspaper’s ability to preserve its position.”
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Zell admits his 2007 Tribune deal was “a mistake”
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