'Grave Dancer' Digs His Own Hole at Tribune

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Mixed Media

by Jeff Bercovici

Main

Idle Chatter: Tribune, Borders, 'Hol... From the Crack House to the Best Sel...

Aug 14 2008 10:15AM EDT

Alan Mutter does the math on yesterday's quarterly results from Tribune Co. and finds this fun fact: That $3.8 billion write-down in assets comes out to a $20 million drop in value for each and every day Sam Zell has owned the company. All in all, Tribune's worth has declined by 29 percent since Zell and his pals showed up.

Kinda gives a new meaning to that nickname he's so proud of, doesn't it?

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