Twenty-four months, three LA Times editors gone, one reason: budget cuts. Jim O' Shea, editor of the LA Times was fired by Times Publisher David Hiller for failing to carry out $4 million in budget cuts at the paper. Apparently, Hiller wanted the money cut during the presidential campaign, a time when newspapers' budgets usually spike. This is the third editor to be fired over two years over the same budgetary issue. Do we......

Tribune Company CEO Dennis FitzSimons will be stepping down at the end of the year, letting Chicago businessman Sam Zell take over the company. The Tribune Company owns the Los Angeles Times. President Bush signed a huge Energy Bill yesterday, in hopes of "reducing our dependence on oil, confronting global climate change, expanding the production of renewable fuels and giving future generations of our country a nation that is stronger, cleaner and more secure."......

UPDATE: The deal went down this morning according to the Tribune. It's liberation day. The LA Times reports:Billionaire real estate mogul Sam Zell has reached an agreement to buy Tribune Co. in a two-stage deal valued at $8.2 billion, or $34 a share, the company said this morning. The Tribune Company auction has been all show -- nice bids but no bite -- kind of like those "30 percent chance of rain" days when there's......

David Hiller may be the most pessimistic man in the newspaper business. The Tribune Company exec who took over as publisher of the Times when Jeff Johnson was forced out for refusing to roll heads down Spring Street, appears neither ambitious, nor comfortable. His rambling rhetoric (listen below) largely expressed that he "just doesn't get it" and that even he can't wait to get his butt kicked back to Chi-town after the TribCo pinches itself......