Zell's game plan

The Tribune CEO tells CNBC's Maria Bartiromo that the Chapter 11 filing gives the company time "to really focus on what I call broader issues – issues of consolidation, taking advantage of the position we're in in various markets." No details on what exactly he means, but I wouldn't expect any new foreign bureaus in the near future. Asked whether he had any regrets about the Tribune deal, Zell told Maria:

My head only functions looking forward. I'm not very good at looking behind. So consequently I don't tend to reminisce or self-mutilate myself as a result of past decisions. I made the decision when I made it. I thought it was an appropriate investment at the time. Obviously, circumstances have proven the opposite.

Sounds like a yes.


More by Mark Lacter:
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Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
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Those awful infographics that promise to explain and only distort
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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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