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Tribune Company Going Bankrupt ?
Posted by PATRICK EDABURN, Assistant Editor in Arts & Entertainment, At TMV.
Dec 7th, 2008 | one response
Dec 7th, 2008 | one response
Reports are that Tribune Company could be on the verge of bankruptcy with more than thirteen billion dollars in debt.
Tribune is one of the biggest media companies in the country with ownership of the LA Times, Chicago Tribune, New York Newsday, Orlando Sentinel among others. They also own the Chicago Cubs and may be selling them (to Mark Cuban?) to make some quick cash.
They also own a number of TV and radio stations and it might also be possible that they would sell some of these to make survival possible.
One Response to “Tribune Company Going Bankrupt ?”
The Chicago Tribune and LA Times have been inserting editorializing and slanted bias in their straight news coverage—readers are just not going to sift through this stuff when they have online and other news options available. A lot of other papers are probably going to undergo the same death throes in the near future. Ditto for weekly newsmags which are crib sheets for PC thinking.