Former reporters from the L.A. Times and at least one current star columnist have filed a class-action suit against Sam Zell. The billionaire's reign over the paper beginning in late 2007 has not been pretty, and the lawsuit contends that recent violations of federal financial rules have "diminished the value of the employee-owned company to benefit himself and his fellow board members."
For 33 years, the Los Angeles Times Sunday Book Review has brought the literary world to the doorstep of the nation's largest book-buying community. That era is about to end, a fact that disturbs the section's former editors who have written this formal protest.
Los Angeles Times Publisher David Hiller is best known for firing people. Now Hiller himself is out of a job. The ousting was announced as the Times braced for another devastating round of staff cuts. Meantime, the editor of another Sam Zell-owned newspaper, the Chicago Tribune, announced her resignation as that paper continues its own gutting.
Rupert Murdoch just can't get enough of the New York newspaper scene. The News Corp. mogul, already in possession of the New York Post and The Wall Street Journal, has worked out a deal to buy Newsday for about half a billion dollars. That paper is currently owned by another salty media tyrant, Sam Zell.
Chicago-based billionaire and Tribune Co. honcho Sam Zell doesn't take too kindly to uppity ink-stained wretches reminding him about what's important in the newspaper business besides the bottom line. Here, an Orlando Sentinel journo grapples with him in a lively exchange that ends with Zell letting fly with an F-bomb.