Romenesko

Washington Post
"But after that is when things get tough," says analyst David Novosel. Tribune has a big loan payment due in June 2009, which it should be able to make -- as long as the company keeps selling assets. Selling assets "is a near-term solution, not a long-term solution, but that's okay," Novosel tells Frank Ahrens. "All [Sam Zell] has to do is buy himself more and more time. Presumably, he has a plan in place to drive more cash flow, but it's hard to figure out what he has in mind."