Tribune Bankruptcy Snares Employees

Real estate mogul Sam Zell built a complicated deal to take over Tribune Co., putting little of his own money at risk

If there is one thing Sam Zell foresaw correctly, it is this: The day after Zell announced he was buying Tribune for more than $8 billion, the real estate tycoon told Chicago Tribune reporters the deal would not change his lifestyle no matter what happened. But, he said, "it's likely to change yours."

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