Tribune files for bankruptcy protection
NEW YORK (AP) - Media conglomerate Tribune Co. filed for bankruptcy protection Monday, as the owner of the Chicago Tribune, the Los Angeles Times, the Chicago Cubs and other properties tries to deal with $13 billion in debt.
Great! Bankruptcy for two of the lefty Big Four!
Now, if we can just shove NYT and WaPo into the trash heap of history….
He also said the company’s operations, including newspapers and broadcast outlets, will function as before during the bankruptcy protection period.
One hopes that ends up meaning “will continue to hemorrhage oceans of red ink…”
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