Top Posts Tagged with #tribune corp.

Tribune Corp. investors suing mad over insanely massive loans

$3.7 billion in loans offered prior to Tribune Corp.'s sale source

» … and here comes the lawsuit: A bunch of investors in Tribune Corp. have sued JPMorgan, Merrill Lynch, Citicorp and Bank of America for making those loans possible for the leveraged buyout that Sam Zell did, knowing that it'd be nearly impossible to get those funds back. In the process, the companies received $120 million in fees while Tribune floundered to the point that L.A. Times front pages like these are depressingly commonplace.

#chicago tribune #leveraged buyout #sam zell #tribune corp.#tribune tower

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Tribune's Lee Abrams is an e-mail forwarding freaking idiot

disease Tribune Corp. was the subject of a massive New York Times exposé, describing the company as a bankrupt, immature, oversexed company. Not exactly good PR.

symptom Off-the-wall Chief Innovation Officer Lee Abrams sends an e-mail to every Tribune staffer. It includes the word "sluts" and links to a satire that included nudity.

cure On Friday, Abrams, who is responsible for ruining the radio industry, resigned. Perhaps this might be a change for the better for the troubled Tribune? Hah! source

#chicago tribune #idiots #lee abrams #tribune #tribune corp.