Tribune deal: Reckless from the very start

Less than a year after being taken private by Sam Zell, the Tribune Co. may be on the verge of filing for bankruptcy because it cannot service its massive $12 billion in debt, according to the Wall Street Journal.As discussed when the buyout was announced in 2007 (the full post is reproduced immediately below), the plan seemed reckless from the very start, because the newspaper industry back then