sam zell the big successful guy. he comes along and he is saying to us, can cut can't cut your way out of this. hey man, and want to hear more about that. you can't cut your way out of this. you have to grow revenue and we are struggling to do this but in the end the dead was so narrow that if we missed our projections by like 2%, the aesop would not get any kind of funding or any kind of benefits for five years. it was that close so the thing finally went into bankruptcy at the end of the year and now they are still struggling. right now, right now these papers are fare better off in bankruptcy then they will be when they get out of bankruptcy court because when they get out of bankruptcy court the banks don't want to be in the newspaper business. they want their money bank and there is one way they are going to get it back. it is a pretty grim situation for the employees. >> is there any jack daniels around here? [laughter] i was going to meet my wife later but if anybody has a flask, just send it right up after th

. >> well, i think the deal with sam zell was the deal from hell, and the tribune made a stop in purgatory first when it bought times mirror. [laughter] and it was, it was -- and, you know, basically, the atmosphere at the time was buy or be bought. and everybody, aol and time warner had just merged, and things were going quite well. and so when the tribune decided to buy this, things looked pretty good, the future looked pretty bright. we paid a lot of money for it, and it was, and the way the deal was structured is we bought the company even though mark willis, the cereal killer who was the ceo of times mirror -- and by the way, he got that title. he used to be the co-chairman of general mills where they made all the cereal. and the staff at the l.a. times was phenomenal. if staff of the l.a. times would have done as well at journalism as they did at coming up with nicknames, we wouldn't be talking about this because they did a great job. [laughter] so they nicknamed mark the cereal killer because he came in, right away started cutting things, cutting staff. he went and closed new york n