Can Zell and Murdoch Rescue Newspapers?

The real estate mogul and the media czar might just end up as the saviors of the ailing newspaper industry

With Cerberus Capital Management striking a deal to buy 80.1% of Chrysler Group from DaimlerChrysler (DCX), I can't help but think of the ailing newspaper industry and how it, too, may be "saved" by an "angel" investor or two.

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