Gnomish billionaire CEO of the bankrupt Tribune Co. Sam Zell may give up control of his company to creditors. Is it too early to declare Zell the biggest failure of the "Death of Newspapers" era? No, let's just declare it!

Highlights of Sam Zell's tenure as America's most horrific newspaper company owner:

Of course, Zell only put in a little bit of his own money to get control of Tribune; mostly it's owned by the employees. Who will really get screwed. He has that going for him.