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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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online.wsj.com - 12/8/2008

Tribune Co. Taps Lazard,Weighs Filing for Chapter 11

— online.wsj.com — Tribune Co. is preparing for a possible filing for bankruptcy-court protection as soon as this week, according... to people familiar with the matter, in a sign of worsening trouble for the newspaper industry. In recent days, as Chicago-based Tribune ... (more) Tribune Co. Taps Lazard,Weighs Filing for Chapter 11

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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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Hugh Hewitt: For Whom The Bell Tolls
Townhall.com Blog's TownHall Blog — It tolls for T, as in Tribune Co. The stock was trading at just under 18 at Friday's close . The buzz about the company will have to raise eyebrows about all newspapers. If the Tribune Company goes bk, how far behind can the New York Times be? One effect of the recession will be to force corporate America to ask where the ad dollars are being spent. Newspapers with declining circulations and thousands of "subscribers" who often don't even touch a third of the pages have to be the biggest target.

Hugh Hewitt: For Whom The Bell Tolls
Hugh Hewitt's TownHall Blog — It tolls for T, as in Tribune Co. The stock was trading at just under 18 at Friday's close . The buzz about the company will have to raise eyebrows about all newspapers. If the Tribune Company goes bk, how far behind can the New York Times be? One effect of the recession will be to force corporate America to ask where the ad dollars are being spent. Newspapers with declining circulations and thousands of "subscribers" who often don't even touch a third of the pages have to be the biggest target.

Tribune (Chicago Tribune, L.A. Times, et al.) Prepares for Bankruptcy Filing
Democratic Underground Latest Breaking News — ... to rework its debt load, the newspaper-and-television concern in recent days has hired Lazard Ltd. as its financial adviser and a legal counsel for a possible trip through bankruptcy court, according to people familiar with the matter. A Tribune spokesman said the company doesn't comment on rumors or speculation. A Lazard spokesman didn't immediately respond to a request for comment. The appointments underscore the deepening distress for Tribune and other publishers. Read more: http://online.wsj.com/article/SB122868944355686385.html...