CJR: The Grave Dancer

Posted on April 4, 2008 by Melissa Worden

"Zell is known as the Grave Dancer, for buying distressed real estate on the cheap. Succeeding with Tribune depends on arresting the alarming pace of deterioration at its newspapers—thus the fresh tensions at the Los Angeles Times and elsewhere. If the company’s revenues continue to plunge, no amount of financial engineering will save it, and Zell may instead be called the Grave Digger.”