He tells CNBC that once the company is out of bankruptcy, he will be, too. "I will turn it over to whoever the creditors decide they want to run it, and wish them a lot of good luck," he said. Not a huge surprise - actually, Zell has been so quiet for so long that you might have thought he already had stepped down. Nope, he remains chairman. Meanwhile, the WSJ reports that Tribune creditors are still floating Michael Eisner and Peter Chernin as potential replacements for Zell. Both would seem to be long shots.
More by Mark Lacter:American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Previous story: Stunning numbers on have and have-not divide
Next story: Is Ed Wedbush the cheapest man alive?
New at LA Observed
On the Politics Page
Go to Politics
Arts and culture
Go to Arts and culture
Sign up for daily email from LA Observed