Zell to entertain offers for Tribune Tower, L.A. Times building
Tribune Co. Chief Executive Sam Zell said Wednesday that he would entertain offers for the company’s prized real estate holdings, including the headquarters of the Los Angeles Times. The complex, pictured in 2000 when Tribune acquired the paper, consists of five buildings with 750,000 square feet of usable space, located on one city block. (Gary Friedman / Los Angeles Times)
Maverick real estate investor Sam Zell took control of Tribune Co. in December 2007, saying he intended to sell the company’s baseball team, the Chicago Cubs. He later sold one of the company’s newspapers, Newsday, and now says he is willing to entertain offers for some of the company’s real estate holdings. (Jose More / Chicago Tribune)
Sam Zell had previously announced plans to sell Tribune’s trophy sports properties -- the Chicago Cubs and the team’s beloved and historic ballpark, Wrigley Field. (Jonathan Daniel / Getty Images)
Chicago Cubs outfielder Kosuke Fukudome earns a high five from teammate Derrek Lee after hitting a home run. Sam Zell has said there’s never been a better time to market the Chicago Cubs and their ballpark, with the Cubs in first place and driving record attendance. (Paul Beaty / Associated Press)
In May, Tribune Co. announced the sale of its New York newspaper, Newsday, to Cablevision Systems Corp. in a $650-million deal under which Tribune would retain a 3% stake in the newspaper. (Mario Tama / Getty Images)
