"Tribune Co. acquired the paper in 2000 from Times Mirror Co., along with several other large dailies in the country, including the Los Angeles Times. Sam Zell, a real-estate investor, bought the company and took it private in 2007, resulting in about $12 billion in debt for the Tribune properties, which included more than 20 newspapers and about a dozen television stations. That’s when things began to unravel, according to Paul Stern, a former editor at the Courant for 24 years who took a buyout in 2008.
Posted on: Tue, 24 Sep 2013 20:51:47 +0000
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