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Sam Zell Made Billions in Real Estate but Couldn't Avoid a Media Bankruptcy

Sam Zell might have never become a billionaire real estate magnate without the help of "grave dancing" -- a term he coined for making money off distressed properties. "Grave dancing is an art form that has many potential benefits," Zell wrote in 1976. "But one must be careful while prancing around not to fall into the open pit and join the cadaver." Some 30 years later, the pit is calling. Zell's foray into the media business, the Tribune Co., filed for Chapter 11 bankruptcy protection... Full Story
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