Print Media Deathwatch: Tribune Files For Bankruptcy
Dec 8th, 2008 | By Elisabeth Lewin | Category: Featured Story, GeneralChicago-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?
