huffingtonpost.com - 12/9/2008
—
Three major media companies all revealed grim news Monday.
The Tribune Company announced it would be seeking bankruptcy protection:
Media conglomerate Tribune Co., smothered by $13 billion in debt and a drop-off in advertising, on Monday became the first major newspaper publisher to seek ...
Chicago Tribune Near Bankruptcy
jammiewearingfool.blogspot.com 12/7/2008 — 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 ...
If It Wasn't For Those Meddling Bloggers
eschatonblog.com 12/8/2008 — Obviously the existence of quality journalism - local and national - is necessary for a well-functioning democracy, but the survival of any individual institution isn't so important. The Tribune Company, the newspaper chain that owns The Chicago ...
Newspaper Crisis
mahablog.com 12/8/2008 — The Chicago Tribune Company may file for bankruptcy, and the New York Times Company plans to borrow against its new West Side corporate headquarters to meet a cash shortfall. (Full disclosure — as a writer for About.com I work on contract for ...
Twilight of the Newspapers
powerlineblog.com 12/9/2008 — Today was a big day in the world of media, as the Tribune Company, which owns the Chicago Tribune, the Los Angeles Times, the Baltimore Sun and other properties filed for bankruptcy . Meanwhile, the New York Times staved off Chapter 11 for the ...
Publisher of Chicago Trib and LA Times files for bankruptcy
americablog.com 12/8/2008 — It's only going to get worse. Stimulus now, please. From the NYT : The Tribune Company filed for bankruptcy protection in a federal court in Delaware on Monday, as the publisher of newspapers like The Los Angeles Times and The Chicago Tribune struggled to cope with rising debt and falling ad ...
Feds: Gov Thought Zell Promised To Go After Trib Ed Board
tpmmuckraker.talkingpointsmemo.com 12/9/2008 — Is Sam Zell, the Tribune Company owner, implicated in the indictment of Rod Blagojevich?
From Fitzgerald's statement :
According to the affidavit, intercepted phone calls revealed that the Tribune Company, which owns the Chicago Tribune and the ...
Obama Dishes on Blago, the Oath of Office, and Other News
blogs.abcnews.com 12/10/2008 — The President-elect sat for an interview with esteemed reporters from the beleaguered Tribune Company yesterday -- Peter Nicholas and Christi Parsons of the LA Times and John McCormick of the Chicago Tribune. First and foremost, PEBO says, "I have not...
Manufacturing consent: Il. gov tried to purge Chicago Tribune —
Majikthise
Illinois governor Rob Blagojevich allegedly offered to help the Chicago Tribune 's parent company save $100 million in a real estate deal in exchange for firing members of the editorial board who had criticized the governor in print. The Tribune Company owns both the paper and the Chicago ...
MORNING READ —
News
News that Democrats and the White House have reached a tentative agreement on $15 billion in emergency loans to the Big Three receives skeptical reviews from the left and right, while others blame Tribune Company Chairman Sam Zell for the company's failings after it filed for bankruptcy.
The ...
And *Bam* —
Blue Crab Boulevard
The Tribune Company has filed for bankruptcy. The parent company for the Los Angeles Times and the Chicago Tribune is filing Chapter 11 in Delaware, where the company is incorporated.
Tribune’s debt has become more burdensome over the last six months as advertising revenue at its eight ...
Not Waiting For The Asteroid —
small dead animals
Brontausaurus tipping.... The New York Times mortgages the company headquarters to raise cash, while Tribune Co., owner of the Chicago Tribune and the Los Angeles Times, files for bankruptcy....
Tribune files for bankruptcy —
Michael Calderone's Blog
The Tribune Company, following last night's speculation , has now filed for bankruptcy . Tribune owns several newspapers, including the Chicago Tribune, Los Angeles Times, and Baltimore Sun.
Chairman and CEO Sam Zell addressed the filing in a memo , telling staff that "this filing ...
Heckuva Job, Sammy: Tribune Goes Bankrupt —
Hoffmania!
Sam Zell was bad news the minute he walked in the door. Moments ago, the Tribune Company filed for BK. Chicago Tribune parent Tribune Co. filed for Chapter 11 bankruptcy protection today in Delaware so it can restructure its debt.
The Chicago Cubs and Wrigley Field ,
which Tribune Co. has on ...
BK —
Eschaton
Trouble in the newspaper biz. NEW YORK Following reports of trying to avoid this step, The Tribune Company filed for bankruptcy protection in a federal court in Delaware on Monday. In a court filing, The New York Times reports, Tribune said it had nearly $13 billion in debt, compared to $7.6 ...
NK —
Eschaton
Trouble in the newspaper biz. NEW YORK Following reports of trying to avoid this step, The Tribune Company filed for bankruptcy protection in a federal court in Delaware on Monday. In a court filing, The New York Times reports, Tribune said it had nearly $13 billion in debt, compared to $7.6 ...
Tribune company files for bankruptcy —
Wizbang
What will be the fate of both the Orlando and Sun-Sentinel? From AP- NEW YORK - Media conglomerate Tribune Co., smothered by $13 billion in debt and weak prospects for...
And Down She Goes ... —
Talking Points Memo
Tribune Company files for bankruptcy . The company's holdings include the Los Angeles Times , Chicago Tribune , Baltimore Sun , South Florida's Sun Sentinel , Orlando Sentinel , Hartford Courant , 23 television stations, cable station WGN, and the Chicago Cubs.
Tribune Co. files for bankruptcy —
Calculated Risk
WSJ Headline : Tribune filed for Chapter 11 bankruptcy protection, pressured by high debts. From an earlier story : Tribune has been on wobbly footing since last December, when real-estate mogul Samuel Zell led a debt-backed deal to take the company private. Tribune has stayed ahead of its $12 ...
NYT Collapse Continues —
Daily Pundit
Times Co. to borrow against building - International Herald Tribune
The New York Times Company plans to borrow up to $225 million against its mid-Manhattan headquarters building, to ease a potential cash flow squeeze as the company grapples with tighter credit and shrinking profits.
Burn, ...
Tribune considers bankruptcy —
Megan McArdle
More bad news in the media industry; most young journalists I know are wondering if they haven't lashed themselves to the mast of a sinking ship. The problem at the Tribune papers is most accute; they company did an LBO last year that has weighed it down with debt payments during a period ...
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