2 comment(s) / Post a Comment
Tribune is preparing for a possible bankruptcy-protection filing as soon as this week, according to people familiar with the matter, opening a new front of trouble for the newspaper industry.
As Tribune continues discussions with its lenders to rework its debt load, the newspaper-and-television concern in recent days has hired Lazard as its financial adviser and a legal counsel for a possible trip through bankruptcy court. [Click for MORE]
> Tribune Hires Advisers to Try Staving Off Bankruptcy
Sphere: Related Content
The Sun Sentinel's parent has announced it is carefully readying bankruptcy...McClatchy is ready to sell The Miami Herald...And will a merger of the two be far behind??
Posted On: Sunday, Dec. 7 2008 @ 7:51PM
