Tribune news company bankrupt
Monday, December 8th, 2008This is big.
The Tribune Co. is the country’s second-largest publisher of newspapers behind Gannett. (And following the break-up of Knight-Ridder.) The company owns some of the most venerated brand names in print journalism: the Chicago Tribune, Los Angeles Times, Baltimore Sun, Hartford Courant and Orlando Sentinel.
Like Atlanta-based Cox Enterprises, Tribune is heavily invested in broadcasting, with two dozens TV and radio stations across the country. But it also owns plenty of other things most publishing companies don’t mess with, such as a sport franchise (Chicago Cubs), a ball park (Wrigley Field) and a cable sports network.
This afternoon, the NYT reports that Tribune filed for Chapter 11 bankruptcy protection.
