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dealbook.blogs.nytimes.com - 12/7/2008

Tribune Hires Advisers to Help Stave Off Bankruptcy

— dealbook.blogs.nytimes.com — Tribune has hired bankruptcy advisers as the ailing newspaper company faces a potential bankruptcy filing, people briefed... on the matter said. The newspaper, which was taken private last year by billionaire investor Samuel Zell, has hired advisers ... (more) Tribune Hires Advisers to Help Stave Off Bankruptcy

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latimes.com - 12/8/2008

Tribune Co. files for Chapter 11 bankruptcy protection - Los Angeles Times

— latimes.com — "A precipitous decline in revenue and a tough economy have coupled with a credit crisis, making it... extremely difficult to support our debt," Zell said in a statement to employees just before 11 a.m. Pacific time. "All of our major advertising ... (more) Tribune Co. files for Chapter 11 bankruptcy protection - ...

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breitbart.com - 12/8/2008

Tribune files for bankruptcy protection

— breitbart.com — NEW YORK (AP) - Media conglomerate Tribune Co. filed for bankruptcy protection Monday, as the owner of... the Chicago Tribune, the Los Angeles Times, the Chicago Cubs and other properties tries to deal with $13 billion in debt. Advertising revenue ... (more) Tribune files for bankruptcy protection

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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. ...

Zell On Earth: Bankruptcy
ArchPundit — Heckuva Job Sam No one could have predicted…

Tribune Corp Files Bankruptcy
Patterico's Pontifications — ... The Tribune Corp filed a Chapter 11 bankruptcy today in Delaware. It reportedly has 13 billion in debt. The Chicago Cubs franchise and Wrigley Field are not included in the filing. ...

Chicago Tribune Leads Dinosaur Media March to Tar Pits
Moonbattery — It looks like the Chicago Tribune is beating the New York Times in the race for the tar pits: Facing what Chairman Sam Zell called a "perfect storm" of forces roiling the media industry and the broader economy, Chicago-based Tribune Co. filed for Chapter 11 bankruptcy protection from its creditors Monday. Cheer up, Zell: you're not alone. Publishers of the Chicago Sun-Times have recently seen their stock fall from $2.87 to 5¢. The Philadelphia Inquirer and the Minneapolis Star-Tribune are restructuring. The New York ...