New York Times, Chicago Tribune Earnings Worry Wall Street

The newspaper industry took a double hit today as The New York Times Company posted a Q1 loss — “one of the worst periods” the company has seen — and new Chicago Tribune Co. Chairman and CEO Sam Zell disclosed that revenues are down so far (double digits) this year that the company may be forced to sell newspapers and other properties

Despite the earnings news, at least Sam Zell is trying to keep things interesting.

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