Sam Zell appeared at UCLA Anderson School of Business a couple weeks ago. Beforehand, Kevin Roderick noted that the invite boasted of Zell’s real estate and general business ventures, but barely anything about the Tribune, let alone the Los Angeles Times. This may have been to avoid false advertising – a detailed recap of the event by Nirav at Seeking Alpha is lengthy, but elicits only one brief item on the newspaper business:
Zell also spoke about his Tribune purchase. He says the newspaper model is broken. It costs more money to have papers home-delivered but you pay less for that service. He explained he would change that model and that would increase the revenues. Let’s see if that’s true.
Which begs the question for remaining LA Times subscribers… how much more would you be willing to pay to keep home delivery?