Tribune Co is keeping media reporters and headline writers busy these days with news of how the company is trying to turn around its newspaper business and stay afloat under billions of dollars in debt – all while creating a culture that, as Chicago real estate tycoon and newly minted press baron Sam Zell says, does not take itself too seriously.
Not to sound callous, but by this point should anyone be surprised by news that a publisher is getting rid of jobs? After all, this is shaping up to be one of the worst years in memory for the newspaper business.
Just a day after billionaire investor Carl Icahn called for the removal of Yahoo CEO Jerry Yang, the company blasted out of the gate Wednesday morning, trumpeting deals with CBS, Walmart.com, Havas Digital and the newspaper consortium.
Dallas Mavericks owner Mark Cuban went on Dan Patrick’s radio show on May 22 to talk about all sorts of things, but what got us interested were his comments about the Chicago Cubs, which he wants to buy (You can read about his thoughts on smoking marijuana here). No one seems to have picked up on what he said until an excerpt ran in the latest edition of Sports Illustrated magazine, which came out Wednesday. Here are his verbatim answers, with Patrick’s questions paraphrased by us: