Billionaire Bingo: Nine More Tribune Questions
Thanks to all for the points, questions and comments, on yesterday's post. Here's the next nine questions at this point:
1. So what will the role of former L.A. Times Publisher Jeff Johnson (shown here, left to right, in happier days with editors Dean Baquet and John Carroll) in a post-sale world be, if Ron Burkle gets the prize? Will Johnson, a once-loyal Tribune exec, who was sacked for impudence in publicly resisting budget cuts by CEO Dennis FitzSimons, play an operational role, and have FitzSimons, even for a day or so, reporting to him?
2. Recalling that Knight Ridder top execs walked away with three years pay, what are the colors of those parachutes for Tribune management?
3. With Brian Tierney and Eric Grilly promising whole new approaches to modern newspapering online and off in Philadelphia and Chris Harte doing the same in Minneapolis, will a Tribune sale give juice to the next generation of independent outsiders bent on seeing these franchises differently and breaking molds?
4. So this week, is it more fun being part of The Chicagoist (which today sports a WSJ Online ad banner across the top of its home page) or the Chicago Tribune?
5. On the lure of an ESOP, is it a good idea for Tribune company staff to keep repeating, "It's not Peoria, it's not 1983," in reference to the much-cited Peoria (Ill.) Journal Star ESOP that left a bunch of reporting and copy-editing slugs early-retired and well-heeled?
6. Of the 23 Tribune-owned TV stations, 14 are CW stations, and CW is off to rocky start after the merger of UPN and WB that created it. So what's your favorite CW program -- Friday Night Smack Down, Smallville or America's Top Model?
7. Recalling that David Geffen bid $2 billion for the L.A. Times alone, if Zell wins the auction, what's the likelihood of him selling the L.A. Times to Geffen -- or Burkle and Broad -- recouping a goodly sum out of the gate?
8. If more quick money is to be had, a la what Gary Pruitt did in immediately selling parts of Knight Ridder, wouldn't there be a quick call to Rupert about buying New York Newsday (which he'd "cluster" with the New York Post) and to Scripps, which would be happy to take Tribune's 31% share of the Food Network and become the sole owner of one of the cable properties that has kept Scripps farther away from the newspaper storm?
9. If Zell does win and peels off assets, might that not leave him King of Chicago?
What's your next question?

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