FROM Jim O'Shea
Dissecting the Deal for the LA Times Yesterday, Sam Zell put up $300 million in a complicated takeover of the Tribune Company of Chicago, which is worth $8.2 billion and includes the Los Angeles Times . Zell, a Chicago real estate billionaire who beat out local billionaires Ron Burkle and Eli Broad , has said almost nothing in public, but local billionaire David Geffen says he still has a chance. In a message to the LA Times newsroom, Editor Jim O'Shea said that, while any change of ownership carries some risk--and this includes a heavy debt burden--Zell is "a creative thinker and an inventive entrepreneur," who says, "he believes in the future of the news business." We hear more about the deal, possible staff cuts and absentee ownership of Southern California’s major news source in a conversation with O'Shea and others.
Trump, the GOP and the rule of law Conservatives — and some Republicans — are criticizing the President for "the mess he made" in firing FBI Director James Comey. We hear about a potential successor, the possibility of "obstruction of justice" and the constitutional separation of powers.
Concern deepens amid Trump's controversies President Trump delivered today's commencement speech to the Coast Guard Academy in Connecticut. As he praised the accomplishments of the graduates, he listed some of his own… and made reference to reports that he leaked intelligence to the Russians and tried to shut down an FBI Investigation into his associates.
The free-flowing leaks in the Trump White House President Obama tried to clamp down on leakers, but the Trump Administration is besieged almost as never before. Are the "anonymous sources" partisans or worried professionals? Are they endangering the republic or performing a public service?