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June 9, 2008

Employees in Employee Buyout Get Fired

Tribune Co. Chairman, Sam Zell, disclosed Thursday he plans to cut the staffing size of newspapers across the board.  Tribune Co. intends to downsize and sell assets to pay down $13 billion in debt Zell incurred when he took it private last year.

June 9, 2008 in Mergers & Acquisitions | Permalink

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