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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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chicagobreakingnews.com - 12/8/2008

Tribune files for bankruptcy

— chicagobreakingnews.com — Tribune Co. has been struggling under a $13 billion debt load since real estate magnate Sam Zell... took the company private last December in an $8.2 billion leveraged buyout. The company faces a deadline today on $70 million of unsecured debt it took on ... (more) Tribune files for bankruptcy

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Die, Dinosaurs, Die!
Daily Pundit — Tribune files for bankruptcy protection 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. Great! Bankruptcy for two of the lefty Big Four! Now, if we can just shove NYT and WaPo into the trash heap of history…. He also said the company’s operations, including newspapers and broadcast outlets, will function as before during the bankruptcy protection period. One hopes that ends up ...

Tribune Company Files For Chapter 11
Ace of Spades HQ — Tribune Company Files For Chapter 11 Consider it an update of my earlier post. $13 billion in debt and $7.6 billion in assets is no way to go through life son. "So, how did we get here? It has been, to say the least, the perfect storm," (Owner Sam) Zell wrote. "A precipitous decline in revenue and a tough economy have coupled with a credit crisis, making it extremely difficult to support our debt. All of our major advertising categories have been dramatically impacted." There's nothing about their craptastic journalistic performance, especially at the LA Times. I wonder why. ...

Tribune Company Files For Chapter 11 Bankruptcy
Say Anything — $13 billion in debt and $7.6 billion in assets. Bailout time? “So, how did we get here? It has been, to say the least, the perfect storm,” (Owner Sam) Zell wrote. “A precipitous decline in revenue and a tough economy have coupled with a credit crisis, making it extremely difficult to support our debt. All of our major advertising categories have been dramatically impacted.” Actually, chapter 11 bankruptcy is exactly what needs to happen with the auto companies.  Chapter 11 doesn’t necessarily mean the company is going to exist.  It just means the company is ...

Not Waiting For The Asteroid
small dead animals — ... to raise cash, while Tribune Co., owner of the Chicago Tribune and the Los Angeles Times, files for bankruptcy. Posted by Kate at December 8, 2008 7:08 PM