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FRIDAY, NOVEMBER 27, 2009
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Real estate mogul Sam Zell won the battle of the billionaires Monday, landing media conglomerate Tribune Co. after a down-to-the-wire bidding war.(Business)

Article from: The Virginian Pilot Article date: April 3, 2007

Byline: ASHLEY M. HEHER

CHICAGO -- By ASHLEY M. HEHER

The Associated press

CHICAGO - Real estate mogul Sam Zell won the battle of the billionaires Monday, landing media conglomerate Tribune Co. after a down-to-the-wire bidding war.

Even with the buyout's $8.2 billion price tag, the outlook for the nation's second-largest newspaper publisher remained as uncertain as it did six months ago when it began a strategic review to boost a lagging stock price.

A big chunk of new debt also will be required to pay the ...

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