Zell's Plan to Buy the Tribune Company

Zell buys a controlling interest in the Tribune Company, which owned the Chicago Tribune and the Los Angeles Times. Zell's plan seems to have been that he buys this company and he finances the deal by borrowing heavily. And then as soon as he buys it, his plan is to engage in aggressive cost cutting that can make the venture profitable after like trimming all of the employees. It's almost exactly what Elon Musk is about to do with Twitter, right? Right Exactly.