Someone Still Believes in the Traditional Newspaper Business
Chicago real estate magnate Sam Zell's offer to buy out and take private the Tribune Company (owner of the Chicago Tribune and the Los Angeles Times, among many other things) apparently accepted, for $8.2 billion. For what this might mean to my hometown paper (and home to two beloved former Reasoners, Matt Welch and Tim Cavanaugh), see the paper's own coverage, revealing that David Geffen would still like to buy the LAT itself off of Zell. L.A. community reaction.