JetNation Posted December 8, 2008 Share Posted December 8, 2008 Media conglomerate Tribune Co., smothered by $13 billion in debt and weak prospects for generating cash through advertising, on Monday became the first major newspaper publisher to seek bankruptcy protection since the Internet began siphoning readers from traditional outlets. More... Link to comment Share on other sites More sharing options...
uart Posted December 8, 2008 Share Posted December 8, 2008 Zell bought something he couldn't afford, and is now desperately trying to unload the more valuable part of the company... If I owned Tribune, I'd be selling the newspapers. Keep the Cubbies, Wrigley and WGN... they have value. Link to comment Share on other sites More sharing options...
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