paidcontent.org - 12/7/2008
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Tribune, the Sam Zell-owned newspaper chain, has hired bankruptcy advisers in an attempt to stave off potential bankruptcy filing, reports NYT, citing sources . It is using investment bank Lazard and the law firm Sidley Austin, to try and restructure its crippling debt and assess its options, ...
Tribune Co. Files Chapter 11 Bankruptcy
money.aol.com 12/9/2008 — Tribune Co. Files Chapter 11 Bankruptcy posted: ONE MINUTE AGO comments: 0 filed under: Financial Crisis
Reed Saxon, AP, Jonathan Daniel, Getty Images and Scott Olson, Getty Images
Roughly a year after ...
TRIBUNE FILES FOR BANKRUPTCY —
Lost Remote
As feared, Tribune has filed for Chapter 11 bankruptcy protection. Tribune maintains that it has enough cash on hand to continue operating its media businesses, and it filed for bankruptcy in order to restructure its debt. “Over the last year, we have made significant progress internally ...
Tribune Chapter 11 Bankruptcy Filing: Includes LA Times —
PR News:
Just hours after we reported that Tribune Co. had called in bankruptcy advisers and were looking at their options, we now hear they have filed for Chapter 11 bankruptcy in a Delaware court.
There were other options on the table for Tribune Co. but it looks like they have gone the way that ...
Tribune Bankruptcy: Chicago say looking at all of our options —
PR News:
Today the news broke that Tribune Co. are working with bankruptcy advisers thanks to struggling with debt and also has a Monday deadline on $70 million of unsecured debt.
Tribune Co. is Chicago Tribune’s parent company and they have reported that they are not immune to the declines seen ...
Bankruptcy becomes exit of choice —
BloggingStocks
Some big companies have already gone bankrupt. The Tribune Company is the most recent. But, one of the trend's earliest victims was Lehman.
At the economy goes deeper into Hell with each passing month, bankruptcy attorneys will become the richest lawyers in America.
According to ...
Tribune (Almost) Toast, New York Times Next? —
Silicon Alley Insider
Tribune was toast the moment Sam Zell loaded it up with $13 billion of debt. That it is now considering bankruptcy, therefore, comes as little surprise. (Read this early prognosis from Alan Mutter if you doubt that sane industry observers saw this coming).
More startling over the past year ...
Illinois governor's corruption charges touch Obama, Tribune —
BloggingStocks
Police today arrested Illinois Gov. Rod Blagojevich and his chief of staff on federal corruption charges that both touch the Tribune bankruptcy and the incoming administration of his fellow Illinois Democrat Barack Obama. According to the Chicago Tribune , the governor and his Chief of Staff ...
How Sam Zell And Tribune Management Screwed Employees —
Silicon Alley Insider
In many Tribune autopsies yesterday, there was some suggestion that Sam Zell was feeling the company's pain: He put $315 million of his own money into the buyout, after all ($315 million of $13 billion of debt), and surely he had just lost it. Well, don't go crying for Sam just yet.
Sam's ...
Tribune Bankruptcy: Beginning of a Wave? —
Screenwerk
The Tribune Co., which owns the Chicago Tribune, the LA Times and 23 TV stations, among other assets, filed Chapter 11 today:
While the company has sufficient cash to continue operations, to supplement its cash availability in the event of even more significant declines in its operating ...
Sam Zell's Plan D: It's All About Buying Time —
paidContent
[Guest post by Ken Doctor , Content Bridges ]Sam Zell's House of Cards has fallen flat. Today's bankruptcy filing changes everything and nothing. If we still have the capacity for amazement, after a year of subprime meltdown, worldwide recession and the election of Barack Obama, Tribune going ...
Print Media Deathwatch: Tribune Files For Bankruptcy —
Podcasting News
Chicago-based Tribune Co. filed for Chapter 11 bankruptcy protection today. The publisher of the Chicago Tribune, Baltimore Sun and Los Angeles Times cited a $13 billion debt load and a “perfect storm” of declining advertising revenue in a worsening economy, which led to ...
Tribune Co. Files for Bankruptcy Protection —
Wired: Epicenter
The Tribune Company has filed for Chapter 11 bankruptcy protection, the Chicago-based media company announced Monday.
It will continue to operate its media
businesses during the restructuring, including publishing its
newspapers and running its television stations and interactive
properties ...
Tribune Co. files for Chapter 11 —
901am
Chicago-based Tribune Co. , owner of Los Angeles Times, KTLA Channel 5, and Chicago Tribune, has filed for Chapter 11 bankruptcy protection as it seeks relief from $12 billion in debt. The company has $300 million cash, enough to cover the $70 million due today, but its lenders are said to be ...
Bankruptcy for Tribune won’t stop the inevitable —
Between the Lines
As much as we hate to face it, there comes a time when the older family members of start to pass on - maybe your parents, your grandparents, the older aunts and uncles who helped raise you. Sure, some of them still have some fire left in them, but others have slowed down considerably and [...]
...
Will The Tribune Company go bankrupt? —
BloggingStocks
A lot of America's newspaper companies have been in trouble. Advertising has been down as much as 15% this year and that has gotten worse in the last few months.
Almost all of the chains have had to cut staff and some properties have been put on the block to help the companies pay down debt. ...
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