Tribune Co. to purchase real estate

One of Sam Zell's first purchases as owner of Tribune Co. is in an area that's he knows very well – real estate.
Tribune Co. will purchase real estate used by the Los Angeles Times, Newsday, Baltimore Sun and Harford Courant. The company, which was leasing the properties, had the option to purchase the real estate for $175 million.
Tribune also announced the sale of Tribune Studios and related real estate in Los Angeles to Hudson Capital, LLC, for $125 million.
For the full release click here.