Local

Zell: Bankruptcy to last until 2010

Thursday, October 29, 2009

Billionaire real estate investor Sam Zell ponders a question during an interview in this March 20, 2007, file photo. (AP Photo/M. Spencer Green, file)

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Sam Zell says he does not believe the Tribune Company will emerge from Chapter 11 bankruptcy by the end of the year.

The chairman and CEO says his Tribune investment is "certainly the most amount of money I've ever lost in a single deal."

He says with luck, the company could emerge from bankruptcy by the end of the first quarter of 2010.

(Copyright ©2010 WLS-TV/DT. All Rights Reserved.)

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