Tribune Co. CEO Sam Zell responded to a lawsuit filed against him by current and former employees of the Los Angeles Times by calling the legal action “frivolous and unfounded” and saying his tenure as owner has been marketed by “tremendous progress.” The suit accuses Zell, who took control of the newspaper chain last December, of recklessness and mismanagement of the Times' parent company. Plaintiffs include Pulitzer Prize winning automotive columnist Dan Neil, and former writers Henry Weinstein, Jack Nelson, Corie Brown, and Walter Roche Jr, according to The New York Observer. Weinstein first thought of suing this summer after a wave of layoffs, according to Portfolio.
Also in the media glare:
The New York Times adds the breakingviews.com business column.
Financial turmoil equals spiking ratings at CNBC.
The Associated Press refuses to comply with the Secret Service on Gov. Sarah Palin's e-mails, which were hacked and published on Gawker.
Yahoo tests its new homepage.
Thomson Reuters puts a hold on some hiring.
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