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Print Media Deathwatch: Tribune Files For Bankruptcy

Dec 8th, 2008 | By | Category: Featured Story, General

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?