It's very interesting to see a company the size of Tribune go private ... it'll be even more interesting to see how the newly privately held Tribune goes about maximizing revenues and controlling costs.
On the plus side, no longer being publicly traded should give the company some breathing room. On the minus side, the amount of debt that's being taken on with this acquisition is staggering.
It'll be interesting to see how involved Mr. Zell will be with his new news operations, which include the Los Angeles Times and Chicago Tribune, and how soon he will insist on making the company more profitable. At least in Chicago, the Tribune is still far ahead of its weaker competitor, the Chicago Sun-Times.
29 July 2007
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