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.
The Trump agenda: where's the beef? President Trump says big things are happening. After celebrating a House bill on health care, he doesn’t yet have Senate agreement. With James Comey’s public testimony scheduled tomorrow, the President today tweeted his selection of a new FBI Director. Is the Chief Executive all style and no substance? Later, terror attacks in Iran and conflicting claims about who’s behind them.
Trump's 'America First' goes missing abroad In the Middle East, President Trump is changing some policies of the Obama Administration—and reversing his own campaign attacks on Islam as a religion that "hates us." We hear about his visit to Saudi Arabia and what's at stake for the rest of his foreign excursion.
Will the Senate write a healthcare bill in secret? While Democrats and Republicans argue White House relations with Russia, another question is being decided behind closed doors: who gets help buying health insurance and who doesn't? We hear how the pros and cons are being shrouded in secrecy.
Human Rights in the era of Donald Trump President Trump’s UN Ambassador, Nikki Haley, said today the US might pull out of the United Nations’ Human Rights Council. Serious violators of human rights are members of the Council itself–and a US resignation could make things worse. Later on today’s show, now that he’s into his second term, comedian turned US Senator Al Franken is telling jokes again.