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Chicago Tribune Near Bankruptcy (flag)
jammiewearingfool.blogspot.com — I suspect this is just the tip of the iceberg. Can't be long until the newspapers are lining up for their bailout money.Tribune has hired bankruptcy advisers as the ailing newspaper company seeks to stave off a potential bankruptcy filing, people briefed on the matter said. The newspaper, which ...
vote down Rover Rover found this 12/7/2008
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Front-Page Blues
The Opinionator — ... of advisers, including Lazard and Sidley Austin, one of the company’s longtime law firms, could be a just-in-case move, or a bargaining tactic. The company would not comment on Sunday. Good news — at least for right-wing bloggers. “Declining revenue, mounting debt woes, and readers fleeing in droves due to the relentlessly liberal slant,” writes JammieWearingFool. “It’s not as if this is anything new. Over the years countless papers have failed and/or wound up merging with others. The print newspaper industry is dying and there’s no turning back .” “ ...

Related: Bankruptcy
Making Bankruptcy an Option — Matthew Yglesias
For a long time in the United States, we’ve had a way of dealing with failing businesses — the bankruptcy process and bankruptcy courts. It’s a good process, it works well, and it’s served the country well for a long time. It does lead to some firms being liquidated, ...
Bankruptcy pledge — Dean's World
Via Bryan Caplan , I see that Tim Kayne has pledged to buy a new car from the first US auto manufacturer to enter bankruptcy. Funny thing is, the last line of defense is that if they (GM or Chrysler) go into bankruptcy, they won’t be able to sell enough cars. According to the WSJ :  ...