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by Michael Miner on December 31st 2007 - 4:14 p.m.

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As the year ends, a time to reflect . . .

Former CEO Dennis FitzSimons, who gave the Tribune Company 25 years, just walked out the door Sam Zell held open with a package worth $38.3 million in severance and stock. The sums bandied about in civil litigation were vastly larger, but in the end Conrad Black was convicted of stealing $6.1 million from Hollinger International and he just got six and a half years in prison. Maybe he should have fired himself instead.


Comments
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Just Me
January 2nd - 9:36 p.m.
Dennis probably cost Tribune Co as much as Conrad stole from Hollinger International, he just did it with his boards approval. Good Bye & Good Riddance!
John Powers
January 3rd - 12:22 p.m.
Lord Black also had the approval of his board, but Fitzgerald decided that he should still be incarcerated, and was able to convince a jury likewise.

JBP
Former employee
January 3rd - 1:33 p.m.
For years, Tribune management has done little to improve the company's bottom line beyond cutting costs and eliminating jobs. If Sam Zell really means to grow Tribune, rather than sell off its most profitable parts, getting rid of existing management, no matter what the cost, would be a good first step. FitzSimons doesn't deserve this payment after the poor job he has done, but what failed corporate executive does? It may be hard for some to see the difference between Black’s and FitzSimons’ thievery, but this is the way of the world.



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Branzburg v. Hayes, the split U.S. Supreme Court decision (1972) generally construed by journalists and judges alike as affirming some sort of reporter's privilege in federal courts.

U.S. Appellate Judge Richard Posner's influential opinion in McKevitt v. Pallasch (2003) telling those journalists and judges they were wrong -- there is no such privilege.

John Milton's Areopagitica (1643), one of the earliest and most eloquent arguments for a free press. Said Milton: "As good almost kill a man as kill a good book; who kills a man kills a reasonable creature, God's image; but he who destroys a good book, kills reason itself, kills the image of God, as it were in the eye."

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