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 chicagobusiness.com
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After two tumultuous years in the media business, Tribune Co.’s controversial CEO, Chicago-based real estate mogul Sam Zell, is stepping down from his post, but he’s not bowing out of the game altogether—Zell will continue as the media company’s chairman.
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 chicagobusiness.com
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It’s been a lively week in the newspaper world, and the excitement hasn’t exactly been of the desirable variety. Earlier in the week, Tribune Co. Chairman and CEO Sam Zell announced major cutbacks at Tribune papers across the country, and then The New York Times’ Valentine’s Day edition brought word that the Gray Lady will also be downsizing its staff.
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 chicagobusiness.com
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After meeting well into the night Sunday, the Tribune Co. board of directors agreed to sell the company to Chicago-based billionaire Sam Zell for an estimated $8.2 billion. According to the Los Angeles Times, Zell’s bid trumped last-minute offers from L.A. moguls Ron Burkle and Eli Broad.
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