Tribune Co. files for Chapter 11
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 not keen on undertaking broader restructuring of debt.
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well I hope this means mark cuban can buy the cubs now he would make them win
By green LA jobs on December 8, 2008 8:51 pm
[...] it appears that no one is exempted from trying to hurdle that larger obstacles of trying to be financially capable of surviving this [...]
By Job Cuts Frenzy Continues at Biz Crunch on December 9, 2008 2:31 pm