It was reported today Tribune Co. sold for $8.2 billion: Tribune Co. -- owner of the Sun-Sentinel -- has been sold to billionaire investor Sam Zell.
Samuel "Sam" Zell is an American billionaire real-estate entrepreneur from Chicago. Having one person holding the purse strings on a newspaper is bad news to me. Do I have to tell you about the New York Post's slanted news under Rupert Murdoch (although this guy doesn't seem as bad as Rupert). I can't believe I am saying this: Broward residents, you might consider the Miami Herald.
According to website, NewsMeat: Sam Zell, new owner of the Sun-Sentinel, gave $106,700 to the Republican party, $58,200 to the Democrats and $90,000 to Special Interests.
Here are some of his contributions. One of the Democrats he gave to was Joseph Lieberman (might as well have been a Republican donation). He gave to Delay and the Republican National Committee.
He gave to Our Common Values Pac., Straight Talk America (McCain), Progress for America Voter Fund (helped Bush get elected), Reform Pac., Pac to the future (Pelosi).
Here is what Wikipedia says about his Philanthropy:
A long-time supporter of the Wharton School of the University of Pennsylvania, he helped fund the Real Estate Department at Wharton, as well as the Zell-Lurie Institute at the University of Michigan. Zell also endowed the Zell Center for Risk Research at the Kellogg School of Management at Northwestern University, and the Samuel Zell and Robert Lurie Real Estate Center at the Wharton School. According to the Center for Responsive Politics's "Open Secrets" database, in recent years Zell has made numerous campaign contributions to both Democratic and Republican candidates, giving somewhat more to Republicans than Democrats.[citation needed] He is also believed to be a strong supporter of Israel [citation needed] as well as a major contributor to the American Israel Public Affairs Committee (AIPAC).
Not much to say on the Curtis Morgan, Rock Mining story today. Until the public does a turn towards caring, developers and rock miners will keep eating up our wetlands/farmlands.
3 comments:
With an estimated net worth of US$4.5 billion, he is ranked as the 52nd richest American by Forbes.
That's BIG money right there.
Zell with the late Robert Lurie went on to found the Equity Group Investments, LLC, which spawned three real estate public companies, including: Equity Residential, the largest apartment owner in the United States; Equity Office Properties, the largest office owner in the country; and Manufactured Home Communities, a mobile home company. In addition Zell has created a number of public and private companies.
thanks for the additional info Michael Emilio
It is interestin that now the developers are grabbing control of the newspapers. Newspapers in a weakend state are becoming just another propaganda arm of the development industry. It is this level of uncritical thought and colusion amongst the power elite that lead to the surprise of the great depression.
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