Friday, December 21, 2007

All the news that Fitz will fritz

The $38 million exit package going to former Tribune chief executive Dennis FitzSimons is enough to cover the annual pay and benefits of more than 500 journalists in a metro market.The feet-on-the-street value of the deal is relevant in light of the widespread expectation that the company is headed for some extreme belt-tightening as the new owner, Sam Zell, attempts to produce sufficient cash to

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