03/28/2008 02:45 am ET | Updated May 25, 2011

New Tribune Boss Sam Zell: "The Transaction From Hell Is Done"

The $8.2 billion deal to take Tribune Co. private through an employee stock ownership plan finally went through today. Sam Zell, the Chicago real estate billionaire who engineered the deal and has named himself CEO of Tribune, is giving a press conference right now.

"I'm Sam Zell. I'm here to tell you that the transaction from hell is done," he opened.