Summary
Chicagoan Sam Zell, a billionaire entrepreneur, is probably best known for his massive real estate holdings. In 2007, he sold his publicly traded US office portfolioEquity Office Properties Trustfor $39 billion in what was then considered the largest private equity transaction ever. A self-described "professional opportunist," he also has invested in companies around the world with holdings as varied as supermarkets, wineries, barges and compressors for the energy industry.
Ultimately, "I'm a capital markets person," he has said. In 200...
Ultimately, "I'm a capital markets person," he has said. In 200...
Chicagoan Sam Zell, a billionaire entrepreneur, is probably best known for his massive real estate holdings. In 2007, he sold his publicly traded US office portfolioEquity Office Properties Trustfor $39 billion in what was then considered the largest private equity transaction ever. A self-described "professional opportunist," he also has invested in companies around the world with holdings as varied as supermarkets, wineries, barges and compressors for the energy industry.
Ultimately, "I'm a capital markets person," he has said. In 2007, Zell led a transaction to take Tribune Co. private with an Employee Stock Ownership Plan in a deal valued at $8.2 billion. Zell is the chairman of five public companies and was positioned in late 2007 to become chairman of Tribune, with its roster of newspapers, radio and television stations. In the 1960s, while a student at the University of Michigan where he eventually earned a law degree, Zell started his real estate career managing southeast Michigan apartment buildings. Over time, he invested and diversified. "Generally, we like simple themes and real assets," he said. "It gives us something to work with, unlike the dot-coms. When they got into trouble, there were no assets there." During the real estate recession of the 1990s, he was a key force in transforming the nation's property industry from an idiosyncratic business with opaque finances to the much sought-after, publicly traded core asset class of recent years. As he scans investment opportunities, what matters most to him is effective management. "An average company with good management can be fine," he said. "A good company with lousy management won't succeed." Not conventionally buttoned-down, Zell tends to tread his own path. In his early business career, he shed the requisite suit and tie for jeans and sweaters. He is an avid skier, racquetball player and motorcyclist.
Ultimately, "I'm a capital markets person," he has said. In 2007, Zell led a transaction to take Tribune Co. private with an Employee Stock Ownership Plan in a deal valued at $8.2 billion. Zell is the chairman of five public companies and was positioned in late 2007 to become chairman of Tribune, with its roster of newspapers, radio and television stations. In the 1960s, while a student at the University of Michigan where he eventually earned a law degree, Zell started his real estate career managing southeast Michigan apartment buildings. Over time, he invested and diversified. "Generally, we like simple themes and real assets," he said. "It gives us something to work with, unlike the dot-coms. When they got into trouble, there were no assets there." During the real estate recession of the 1990s, he was a key force in transforming the nation's property industry from an idiosyncratic business with opaque finances to the much sought-after, publicly traded core asset class of recent years. As he scans investment opportunities, what matters most to him is effective management. "An average company with good management can be fine," he said. "A good company with lousy management won't succeed." Not conventionally buttoned-down, Zell tends to tread his own path. In his early business career, he shed the requisite suit and tie for jeans and sweaters. He is an avid skier, racquetball player and motorcyclist.
Sort By:
Relevancy
|
Date
|
Source
» Search within 229 items
1
2
3
4
5
6
7
8
9
10
11-21
>
229 items on Sam Zell
1
2
3
4
5
6
7
8
9
10
11-21
>
-
News Corp. ends bid to buy Long Island newspaper Newsday
Associated Press WriterNews Corp., the media conglomerate controlled by Rupert Murdoch, has withdrawn its bid to purchase the Long Island paper Newsday, a News Corp. spokeswoman said Saturday. The decision to revoke the offer came just days after Murdoch confidently...Tags: Real Estate Sellers, Newspaper and Magazine, Television Industry, Satellite and Cable Service, Long Island
-
Murdoch drops offer to buy Newsday
Associated PressNews Corp., the media conglomerate controlled by Rupert Murdoch, has withdrawn its bid to purchase the Long Island daily paper Newsday, a News Corp. spokeswoman said yesterday. The decision to revoke the offer came just days after Murdoch confidently...Tags: Real Estate Sellers, Television Industry, Long Island, New York, News Corporation Limited
-
For Mother's Day
As you may have noticed, another section of this newspaper, a section that is mainly read by serious people who look like they have just sucked on a lemon, has also begun running a caption contest. Their rip-off cartoon caption contest is, of course, a...Tags: Religious Leaders, Connecticut, Hartford (Hartford, Connecticut), Mother's Day, Eleanor Roosevelt
-
Murdoch drops Newsday bid
The Associated PressNews Corp., the media conglomerate controlled by Rupert Murdoch, has withdrawn its bid to purchase the Long Island daily paper Newsday, a News Corp. spokeswoman said Saturday. The decision to revoke the offer came just days after Murdoch confidently...Tags: Newspaper and Magazine, Newspapers, Television Industry, Long Island, New York
-
Murdoch drops Newsday deal
NewsdayRupert Murdoch has dropped his bid to purchase Newsday, his spokeswoman said Saturday. Murdoch's withdrawal means Newsday's next owner is likely to be Cablevision Systems Corp., barring the last-minute entry of a new suitor or a higher offer from Daily...Tags: Newspapers, Property, Television Industry, Newsday, News Corporation Limited
-
Murdoch's News Corp. ends Newsday bid
Los Angeles Times Staff WriterRupert Murdoch's News Corp., once the front-runner in bidding for Tribune Co.'s Newsday, has withdrawn its $580-million offer for the Long Island, N.Y., daily newspaper, a News Corp. spokeswoman said Saturday. Cablevision Systems Corp., a Long Island-...Tags: Television Industry, Newspaper and Magazine, Satellite and Cable Service, Long Island, New York
-
Cable suitor to grab Newsday
Tribune reporterTribune Co. is closing in on a deal to sell control of its Long Island, N.Y., newspaper Newsday to Cablevision Systems Corp. for $650 million, sources with knowledge of the negotiations said Saturday, with one noting an announcement could come "within...Tags: Newspapers, Newspaper and Magazine, Television Industry, Satellite and Cable Service, Real Estate Transactions
-
Cable suitor to grab Newsday
Tribune media columnistTribune Co. is closing in on a deal to sell control of its Long Island, N.Y., newspaper Newsday to Cablevision Systems Corp. for $650 million, sources with knowledge of the negotiations said Saturday, with one noting an announcement could come "within...Tags: Newspapers, Real Estate Transactions, Television Industry, Newspaper and Magazine, Satellite and Cable Service
-
Cablevision's Newsday bid the favorite after Murdoch exits
This story was reported by Mark Harrington, James T. Madore, Ellen Yan and Thomas Maier. It was written by Harrington.
Tribune Co. and Cablevision Systems Corp. Saturday appeared poised to strike a $650-million deal for Newsday after presumptive front-...Tags: Corporate Officers, Advertising, Newspaper and Magazine, Television Industry, Long Island
-
News Corp. withdraws bid to buy NY newspaper Newsday
Associated Press WriterNews Corp., the media conglomerate controlled by Rupert Murdoch, has withdrawn its bid to purchase the Long Island daily paper Newsday, a News Corp. spokeswoman said Saturday. The decision to revoke the offer came just days after Murdoch confidently...Tags: Television Industry, Real Estate Sellers, Newspaper and Magazine, Satellite and Cable Service, Long Island
May 11, 2008|
Associated Press
May 11, 2008|
Baltimore Sun
May 11, 2008|
Hartford Courant
May 11, 2008|
Orlando Sentinel
May 11, 2008|
South Florida Sun-Sentinel
May 11, 2008|
Los Angeles Times
May 10, 2008|
Chicago Tribune
May 10, 2008|
Chicago Tribune
May 10, 2008|
Newsday
May 10, 2008|
Associated Press
Original site for Sam Zell topic gallery.
