Which Way, L.A.?
Will Zell Lose Control of the Tribune Company?
Bankruptcy negotiations are under way between creditors of the Tribune Company , which owns the Los Angeles Times . The result may well be that the current manager, billionaire Sam Zell, may lose control. That’s according to Professor Douglas Baird, who specializes in corporate reorganization at the University of Chicago Law School.
By Warren Olney • • 1 min readBankruptcy negotiations are under way between creditors of the Tribune Company, which owns the Los Angeles Times. The result may well be that the current manager, billionaire Sam Zell, may lose control. That’s according to Professor Douglas Baird, who specializes in corporate reorganization at the University of Chicago Law School.
