This Week in the Mercury
Monday, December 8, 2008
Media Chicago Tribune Files for Bankruptcy
Posted by Wm.™ Steven Humphrey on Mon, Dec 8, 2008 at 1:44 PM
Get ready for a domino effect that will include daily papers across the country. But hey... good news for trees, right? From Chicago Breaking News...
Chicago Tribune parent Tribune Co. filed for Chapter 11 bankruptcy protection today in Delaware so it can restructure its debt.Much of its debt was incurred last year when real estate magnate Sam Zell took the company private last December. It has repaid about $1 billion of its senior credit facility since then. But the situation at Tribune Co., which has suffered from industrywide declines in advertising revenue that have eroded its cash flow since the deal was done, is emblematic of the squeeze felt throughout the media business overall, and newspaper companies in particular.
Beside the Chicago Tribune, Tribune Co. owns the Los Angeles Times and other newspapers as well as several TV stations.
Most Commented on Blogtown, PDX
-
Mandatory French Fries on Sandwiches: CONDEMN OR ALLOW? by Wm.™ Steven Humphrey
-
Win Valentine's Dinner for Two at Central by Alison Hallett
-
Let's Play the Game of
LoveThrones by Erik Henriksen -
In Which Bobby Roberts Attempts to Ruin the One Thing That Made Me Happy Today by Erik Henriksen
-
Should Portland Ban Cops From Using Horses and Pepper Spray to Bust Up Protests? by Denis C. Theriault
-
New Paris Laws Give Bikes Okay to Run Red Lights; Ooh-La-La! by Wm.™ Steven Humphrey
-
"I Have Chickens Too!" by Alison Hallett
-
Tonight! KATU Wants Everyone to Be Afraid of Marauding Crazy People! by Denis C. Theriault
-
CAT BREADING UPDATE: Which Mercury Employee Succumbed to the Pressure? by Bobby Roberts
-
THE ROCK IN 2012 by Erik Henriksen
Our Friends
- UrbanHonking
- Culture Shock
- Portland Roundball Society
- Steph Cassano
- Cort and Fatboy
- Street Roots
- Powell's Books Blog
- Portland Transport
- Portland Afoot
- Bike Portland
- Eater: PDX
- Portland Food and Drink
- Mr. Movie
- Sunday Softball
- BlueOregon
- Sightline Institute
- Ultra: Arts Portland
- Bitch Magazine
- Blazer's Edge
- Reading Local: Portland
- Portland Food Carts
- Stumptown Vegans
Our Enemies
The Handyman Pro - Your Honey-Do Specialist
Don’t let our name fool you. The Handyman Pro, LLC is a repair and remodel service provider with over 25-years experience. We cover all aspects of construction and repairs for residential and commercial clients.
About Portland Mercury
RSSGoing to Seattle?
Comments (0)