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Wednesday, June 25, 2008

 

Nailed Down, Or Not ... Sell It


LA Times photo archive, UCLA Library.
LA Times owner Sam Zell made a lot of money in real estate before he considered buying the biggest daily on the West Coast. But now that he's stuck with it he appears willing to consider selling anything -- nailed down or not -- to squeeze a few more dollars out. And so, despite the down market, it appears he's looking to unload the "under utilized" LA Times building downtown, which more than a few people say is virtually worthless.

At this rate, one has to wonder when the paper's Pulitzers will show up for auction on eBay. Printing presses to follow by Christmas? Sad days continue on Spring Street.


Click to e-mail TJ Sullivan in LA
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