Which Way, L.A.?
Who Is Sam Zell and Why Should Los Angeles Care?
Forget the Chandler Family; forget the Tribune Company of Chicago. The Los Angeles Times is now owned by Chicago real estate billionaire Sam Zell. KTLA-Channel 5 is part of the deal. With a history of picking up what are called "distressed properties," Zell calls himself "a grave dancer" and "a vulture investor." Is that good news or bad for Times readers and employees? We look for some early answers. On Reporter's Notebook, it's opening day for Major League Baseball.
By Warren Olney • • 30m ListenForget the Chandler Family; forget the Tribune Company of Chicago. The Los Angeles Times is now owned by Chicago real estate billionaire Sam Zell. KTLA-Channel 5 is part of the deal. With a history of picking up what are called "distressed properties," Zell calls himself "a grave dancer" and "a vulture investor." Is that good news or bad for Times readers and employees? We look for some early answers. On Reporter's Notebook, it's opening day for Major League Baseball.
