New York Times
April 2, 2007
Real Estate Tycoon Increases Bid for Tribune
By ANDREW ROSS SORKIN and KATHARINE Q. SEELYE
Sam Zell, the Chicago real estate tycoon, took another step toward winning the auction for the Tribune Company late last night when he agreed to raise his bid at the urging of the company's board, according to people close to the talks.
The board had indicated that if Mr. Zell were to make a high enough offer, it would be prepared to sell its 160-year-old media empire to him.