NYTimes.com DealBook
“The employees were put in a very bad situation,” says analyst Jack Newman. He noted long before Monday’s bankruptcy filing: “If there is a problem with the company, most of the risk is on the employees, as Sam Zell will not own Tribune shares. The cash will come from the sweat equity of the employees of Tribune.”
> LATer: “No love lost between employees here and Zell”
> Bankruptcy looks like just another phase in Zell’s strategy
> Filing won’t make things much worse — or improve things
> Ebert: At least Lord Black was a newspaperman with taste
> Tribune’s letter to advertisers | Tribune story | LAT story
> Odds stacked against Tribune from the moment Zell bought it
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