Romenesko

Editor & Publisher
"Just by being private, the culture will change," Sam Zell said Monday. "We won't be forced to make decisions that are 90 days in relevance." Mark Fitzgerald reports Zell suggested he's investing in Tribune for the long term. "If Tribune proves to be as successful an investment as I think it will be -- I mean, I'm not a private equity investor or have a five-year window; there's no exit strategy. This is a good investment. We want to succeed."