Posts Tagged ‘bankruptcy filings’

Tribune Co. Going Bankrupt

Sunday, December 7, 2008 23:06 2 Comments

Tribune Co. may be filing for Chapter 11 Bankruptcy next week, as advertising revenues tumbled.The company has $1.5 billion due in interest payments on debt due over the next 8 months and won’t have the cash to make good. Tribune has hired Lazard to prepare the bankruptcy filings.
Tribune has been in trouble for a while. [...]

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