Will anyone listen to new controller?
What won what where
The Tribune CEO tells CNBC's Maria Bartiromo that the Chapter 11 filing gives the company time "to really focus on what I call broader issues – issues of consolidation, taking advantage of the position we're in in various markets." No details on what exactly he means, but I wouldn't expect any new foreign bureaus in the near future. Asked whether he had any regrets about the Tribune deal, Zell told Maria:
My head only functions looking forward. I'm not very good at looking behind. So consequently I don't tend to reminisce or self-mutilate myself as a result of past decisions. I made the decision when I made it. I thought it was an appropriate investment at the time. Obviously, circumstances have proven the opposite.
Sounds like a yes.