Chicago-based Tribune Co. filed for Chapter 11 bankruptcy protection today.

The publisher of the Chicago Tribune, Baltimore Sun and Los Angeles Times cited a $13 billion debt load and a “perfect storm” of declining advertising revenue in a worsening economy, which led to today’s filing.

The company hopes to keep its newspapers and television and radio stations in operation while restructuring goes on.

Who’s next?

The Chicago Daily Herald reports that the the Chicago Area Podcasters Network has been growing since its inception in 2006, and is now an active, vibrant group. The group started with 10 members and has grown to about 50.  “Things really changed once iTunes made podcasting available,” said Tom Kim of Libertyville, founder of the podcasting […]