Tribune Sold to Sam Zell

Since the Chandler family sold the Los Angeles Times to the Tribune Company of Chicago, there's been a parade of news editors and publishers, several of whom has left because of resistance to cutting costs. Now, the Times, along with KTLA Channel 5, are the property of Chicago billionaire Sam Zell, who has no prior experience in the newspaper business. With an estimated $4.5 billion, Forbes calls him the 52^nd richest American. A story in today's LA Times says that Zell's interests are "purely economic." Zell himself says he has no editorial vision.