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Text size [+][-]  Thursday September 2 2010GLOBAL EDITION

Considered view
09 Jun 2008 15:08

The deal from Zell

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Breakingviews.com is the world's leading source of agenda-setting financial insight. breakingviews has 25 correspondents and columnists based in London, New York, Paris, Washington, San Francisco and Madrid. Our aim is to become the lingua franca for the global financial community. Our real-time subscription service currently reaches around 15,000 financial professionals such as investment bankers, senior corporate executives, hedge fund managers, lawyers and private equity professionals.

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The mogul made a fortune selling his REIT at the top of the LBO boom. But his Tribune deal looks to be spiraling. The company is barely complying with its loan covenants and has $3bn in short-term debt to refinance. It may have to sell some core assets to stay solvent.

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More stories by:  Lauren Silva Laughlin






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