[lbo-talk] the death of newspapers (cont.)

Doug Henwood dhenwood at PANIX.COM
Mon Dec 8 11:09:14 PST 2008


NEWS ALERT from The Wall Street Journal

Dec. 8, 2008

Tribune filed for bankruptcy-court protection, in a sign of worsening trouble for the newspaper industry.

Tribune has been on wobbly footing since last December, when real- estate mogul Samuel Zell led a debt-backed deal to take the company private. Tribune owns eight major daily newspapers, including the Los Angeles Times, Chicago Tribune and Baltimore Sun, plus a string of local TV stations.

http://online.wsj.com?mod=djemalertNEWS



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