Hard Times At (Sell Tribune) High

Sam Zell already rued the day he purchased Tribune Company and nothing that has happened to him since has caused him to change his mind.

The first thing he did was hire his closest link to the media business -- Randy Michaels (former Jacor and Clear Channel head). Michaels then raided his former employer for a bevy of talent who may also be rueing the day that they signed on.

Now we learn that Tribune Company is headed for bankruptcy.

That's eight major dailies including the Los Angeles Times, Chicago Tribune and Baltimore Sun and a group of local TV stations. (Things are not much better for television stations&hellip