Sam Zell's new company endured a $78 million loss in the fourth quarter of 2007 compared to a a profit of $233 million in the same quarter a year earlier. Guess he wasn't kidding when he said the business has gone south in recent months. Here's the Tribune's release with an optimistic message from Zell.
Sam Zell
Tribune loses money
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Tribune exits bankruptcy after four years, ending Sam Zell era *
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Times employees' suit over Zell deal officially wrapped
Tribune has paid $231 million in bankruptcy fees so far