Uncertainty As Tribune Prepares To Retrench.

Authors :: Perez-Pena, Richard
Source :: New York Times. 6/9/2008, Vol. 157 Issue 54336, p1. 0p.
Publication Year :: 2008
Abstract: Is Sam Zell right about the newspaper business? Last week, Mr. Zell, chairman and chief executive of the Tribune Company, and Randy Michaels, the chief operating officer, announced a set of deep cuts, saying that shrinking revenue left them no choice. They said they would trim 500 pages of news each week from the company's dozen papers, including The Chicago Tribune and The Los Angeles Times. Their aim is a paper with pages -- excluding classified advertising and special ad sections -- split 50-50 between news content and ads. [ABSTRACT FROM PUBLISHER]