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Tribune Prepares for Bankruptcy Filing
Wall Street Journal Online ^ | 7 December 2008 | N/A

Posted on 12/07/2008 3:23:33 PM PST by Erik Latranyi

Tribune Co. 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 ...

(Excerpt) Read more at online.wsj.com ...


TOPICS: Breaking News; Business/Economy; Politics/Elections
KEYWORDS: bailout; chicago; dinosaurdeathwatch; latwp; liberalmedia; msmdeathwatch; newpaperbailout; obama; samzell; tarp; tribune; zell
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December 7th may live in infamy after all.......
1 posted on 12/07/2008 3:23:34 PM PST by Erik Latranyi
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To: Erik Latranyi

SCHADENFREUDE!


2 posted on 12/07/2008 3:24:28 PM PST by StAnDeliver
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To: abb

Just heard it on Bob Brinker Moneytalk!

har!


3 posted on 12/07/2008 3:24:54 PM PST by BurbankKarl
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To: Erik Latranyi

Excellent. And let us hope such great news follows from the other anti-American, socialist-supporting propoganda rags like the NYT, LAT, etc.

May they choke on their treasonous behavior.


4 posted on 12/07/2008 3:25:20 PM PST by EagleUSA
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To: Erik Latranyi

LOL, beat you to it by 8 seconds, here:

http://www.freerepublic.com/focus/f-news/2144619/posts?page=8#8


5 posted on 12/07/2008 3:25:36 PM PST by jsh3180
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To: Admin Moderator

Belongs somewhere in Breaking or Front Page, don’t you think?


6 posted on 12/07/2008 3:25:39 PM PST by StAnDeliver
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To: StAnDeliver

It already is.


7 posted on 12/07/2008 3:27:16 PM PST by BlessedBeGod
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To: Erik Latranyi

I can remember when the Chicago Tribune was a conservative paper.


8 posted on 12/07/2008 3:28:00 PM PST by teletech (Friends don't let friends vote DemocRAT)
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To: Erik Latranyi
Tribune has been a major force in American journalism for more than 150 years. The company’s market-leading newspapers include the Los Angeles Times and Chicago Tribune.

Snicker....

9 posted on 12/07/2008 3:28:18 PM PST by Principled (They used the CRA to undermine capitalism. They're using ACORN to undermine democracy.)
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To: Erik Latranyi

HA....too bad, so sad....everyone gets what they deserve, eventually....guess what....TRIBUNE is GETTING WHAT it’s DESERVED!!!


10 posted on 12/07/2008 3:29:32 PM PST by goodnesswins (CAPITALISM is FUN.........SOCIALISM SUCKS - pass it on.)
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To: Aaron0617

satire?


11 posted on 12/07/2008 3:29:50 PM PST by Aaron0617
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To: Erik Latranyi
Here are Tribune's susidiaries

Tribune Company Business Units and Websites

National Cable
>|

WGN AMERICA
www.WGNAmerica.com


Radio
>|

WGN-AM CHICAGO
www.WGNradio.com


Television Stations

>|

WPIX-TV (CW) NEW YORK
www.WPIX.com

>|

KTLA-TV (CW) LOS ANGELES
www.KTLA.com

>|

WGN-TV (CW) CHICAGO
www.WGNtv.com

>|

CLTV CHICAGOLAND TELEVISION 24-HOUR NEWS
www.CLTV.com

>|

WPHL-TV (MY) PHILADELPHIA
www.myPHL17.com

>|

KDAF-TV (CW) DALLAS
www.the33tv.com

>|

WDCW-TV (CW) WASHINGTON DC
www.DC50tv.com

>|

KIAH-TV (CW) HOUSTON
www.39online.com

>|

KCPQ-TV (FOX) SEATTLE
www.Q13FOX.com

>|

KMYQ-TV (MY) SEATTLE
www.myQ2.com

>|

WSFL-TV (CW) SOUTH FLORIDA
sfl.SouthFlorida.com

>|

KWGN-TV (CW) DENVER
www.KWGN.com

>|

KTXL-TV (FOX) SACRAMENTO
www.FOX40.com

>|

KPLR-TV (CW) ST. LOUIS
www.CW11tv.com

>|

KRCW-TV (CW) PORTLAND
www.Portlands32.com

>|

WXIN-TV (FOX) INDIANAPOLIS
www.FOX59.com

>|

WTTV-TV (CW) INDIANAPOLIS
www.Indianas4.com

>|

KSWB-TV (FOX) SAN DIEGO
www.Fox5SanDiego.com

>|

WTIC-TV (FOX) HARTFORD
www.FOX61.com

>|

WTXX-TV (CW) HARTFORD
www.WTXX.com

>|

WXMI-TV (FOX) GRAND RAPIDS
www.WXMI.com

>|

WPMT-TV (FOX) HARRISBURG
www.FOX43.com

>|

WGNO-TV (ABC) NEW ORLEANS
www.ABC26.com

>|

WNOL-TV (CW) NEW ORLEANS
www.nola38.com


Broadcasting Entertainment
>|

TRIBUNE ENTERTAINMENT
www.TRIBTV.com

>|

TRIBUNE STUDIOS
www.TribuneStudios.com


Daily Newspapers
>|

LOS ANGELES TIMES
www.LATimes.com

>|

CHICAGO TRIBUNE
www.ChicagoTribune.com

>|

THE SUN
www.BaltimoreSun.com

>|

SUN SENTINEL
www.SunSentinel.com

>|

ORLANDO SENTINEL
www.OrlandoSentinel.com

>|

THE HARTFORD COURANT
www.Courant.com

>|

THE MORNING CALL
www.MCall.com

>|

DAILY PRESS
www.DailyPress.com

>|

RedEye
RedEye.chicagotribune.com


Spanish-Language Newspapers
>|

HOY
www.HoyInternet.com

>|

EL SENTINEL - ORLANDO
www.elsentinel.com

>|

EL SENTINEL - SOUTH FLORIDA
http://www.sun-sentinel.com/elsentinel/


Classified Advertising
>|

CLASSIFIED VENTURES
www.ClassifiedVentures.com

>|

CAREERBUILDER
www.CareerBuilder.com

>|

APARTMENTS.COM
www.Apartments.com

>|

CARS.COM
www.Cars.com

>|

NEW HOME NETWORK
www.NewHomeNetwork.com

>|

HOMESCAPE
www.Homescape.com

>|

FOR SALE BY OWNER
www.ForSaleByOwner.com


Magazines
>|

CHICAGO MAGAZINE
www.ChicagoMag.com


Sports and Entertainment
>|

METROMIX
www.Metromix.com

 


>|

CHICAGO CUBS
www.Cubs.com


Subsidiaries
>|

TRIBUNE MEDIA SERVICES
www.TMS.tribune.com

>|

TMS ENTERTAINMENT PRODUCTS
www.tribunemediaentertainment.com

>|

TMS SYNDICATED PRODUCTS
www.tmsfeatures.com

>|

ZAP 2 IT
www.Zap2it.com

>|

TRIBUNE DIRECT
www.TribuneDirect.com


12 posted on 12/07/2008 3:30:33 PM PST by P8riot (I carry a gun because I can't carry a cop.)
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To: Erik Latranyi

Big 3 should do the same.


13 posted on 12/07/2008 3:30:47 PM PST by ChicagoConservative27 (My President is Bobby Jindal)
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To: Erik Latranyi
Tribune Prepares for Bankruptcy Filing

Not to worry.

Somehow, the Tribune will hang on until President Obama
(on/after Jan. 20)
and his Democratic-majority House and Senate make TARP funds
available to save the Tribune and its' assets.

And preserve year-end bonuses and golden parachutes for Obama's
home-town (Chicago) butt-buddies.
14 posted on 12/07/2008 3:31:17 PM PST by VOA
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To: Erik Latranyi

What was Sam Zell thinking when he bought Tribune Co.?


15 posted on 12/07/2008 3:31:23 PM PST by St. Louis Conservative
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To: Erik Latranyi
Despite it being a left leaning paper.

I do not rejoice any newspaper disappearing.

16 posted on 12/07/2008 3:31:27 PM PST by BGHater (Obama is a Neocon.)
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To: Erik Latranyi
possible bankruptcy-protection filing as soon as this week,

But why? Can't you ask for some bail out money? You can't possibly declare bankruptcy to get out from pension liability... that is unliberal of you...

17 posted on 12/07/2008 3:32:29 PM PST by John123 (The US may be going down the drain, but everyone else will drown first...)
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To: P8riot

It’s so wonderful ... It’s like early Christmas.


18 posted on 12/07/2008 3:32:42 PM PST by StAnDeliver
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To: St. Louis Conservative

Tax write-off.


19 posted on 12/07/2008 3:34:17 PM PST by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: Erik Latranyi
"Tribune Prepares for Bankruptcy Filing"

Well, it looks like being the official printer of the DNC isn't quite as financially lucrative as expected.

20 posted on 12/07/2008 3:34:33 PM PST by meyer (We are all John Galt)
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To: Erik Latranyi

Awwwwwwwwwwwwwwwww.......


21 posted on 12/07/2008 3:34:33 PM PST by Psycho_Bunny (By Obama's own reckoning, isn't Lyndon LaRouche more qualified? He's run since the 70's)
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To: Erik Latranyi

Isn’t bankruptcy, merely the government redistributing wealth? You know ... socialism?


22 posted on 12/07/2008 3:34:56 PM PST by Mark was here (The earth is bipolar.)
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To: St. Louis Conservative

The sell off of assets and the tax write-off.


23 posted on 12/07/2008 3:35:26 PM PST by aphid
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To: Erik Latranyi

you mean the Chicago mob machine can get a man elected President but can’t save it’s pals at the Tribune?


24 posted on 12/07/2008 3:35:32 PM PST by RDTF (BO smells and eventually people do what's necessary to avoid it)
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To: 04-Bravo; aimhigh; andyandval; Arizona Carolyn; backhoe; Bahbah; bert; bilhosty; Caipirabob; ...

ping


25 posted on 12/07/2008 3:35:37 PM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: EagleUSA

awesome point..the more leftist newpapers that go out of business, the better! if any survive, they will have to cater to market forces...that means honest reporting


26 posted on 12/07/2008 3:36:13 PM PST by SerafinQ
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To: abb

27 posted on 12/07/2008 3:37:01 PM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: Erik Latranyi

If we have any Conservative Billionaires (is there such a thing?) then it is time for them to step up to the plate and help buy back America. He/she can start by purchasing the LA Times and turning it into an actual newspaper rather than simply another arm of the Democrap Party.


28 posted on 12/07/2008 3:37:08 PM PST by InterceptPoint
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To: Erik Latranyi

Mwahahahahahahaha!

29 posted on 12/07/2008 3:37:54 PM PST by TheWasteLand
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To: Erik Latranyi

Cancelled our subscription (an action precipitated by my wife, a former lib, no less) two weeks ago - didn’t expect the consequences this quickly, but hey, couldn’t be more pleased to see that biased rag bite the big one this soon.


30 posted on 12/07/2008 3:40:05 PM PST by Stosh
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To: TheWasteLand

Wow, I guess I just found out how naive I am. If one company owns that many news assets, I now understand why they all say the same thing on their broadcasts. Unreal to have that much media power wrapped up in one company. No wonder there is no investigative reporting anymore.


31 posted on 12/07/2008 3:40:09 PM PST by Free America52 (I just want it to be the way it always has been.)
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To: Erik Latranyi

http://dealbook.blogs.nytimes.com/2008/12/07/tribune-hires-bankruptcy-advisers/?hp
Tribune Hires Advisers to Try Staving Off Bankruptcy

http://www.bloomberg.com/apps/news?pid=20601087&sid=aYGW7zjawAhk&refer=home
Tribune May File for Bankruptcy as Soon as This Week, WSJ Says

http://www.reuters.com/article/privateEquity/idUSN0747302120081207
Tribune prepares for possible bankruptcy filing -WSJ


32 posted on 12/07/2008 3:42:33 PM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: BGHater
I do not rejoice any newspaper disappearing.

I have to agree. My concern is that freedom of the "press" may not automatically extend to electronic media. Especially if the "fairness doctrine" gets reinstated. Has the supreme court ever ruled that electronic media is guaranteed the same protections as print media?
33 posted on 12/07/2008 3:43:17 PM PST by TruthBeforeAll (The easier it is to vote, the more stupid and lazy people will vote.)
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To: EagleUSA

Lots of writers in those papers I’d like to see lose their homes by not being able to pay their mortgages.


34 posted on 12/07/2008 3:44:21 PM PST by Joe Boucher (An enemy of Islam)
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To: TruthBeforeAll
Dunno.

I would hope you don't need a ‘certificate’ from the Gov’t ‘authorizing’ being a ‘news’ source and having Constitutional protections.

35 posted on 12/07/2008 3:45:46 PM PST by BGHater (Obama is a Neocon.)
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To: Erik Latranyi

What’s the point? Is there something in the bankruptcy code that forces newspapers to fire the liberal reporters?


36 posted on 12/07/2008 3:50:18 PM PST by Brilliant
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To: Erik Latranyi; abb; All

OH ABB Sunday night good news


37 posted on 12/07/2008 3:51:09 PM PST by SevenofNine ("We are Freepers, all your media belong to us, resistence is futile")
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To: AdmSmith; Berosus; Convert from ECUSA; dervish; Ernest_at_the_Beach; Fred Nerks; george76; ...

If the Tribune expects a bailout from the government, the chairman should resign. /rimshot


38 posted on 12/07/2008 3:51:43 PM PST by SunkenCiv (https://secure.freerepublic.com/donate/_______Profile finally updated Saturday, December 6, 2008 !!!)
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To: Erik Latranyi

The Chicago Tribune was the one proudly conservative newspaper we subscribed to wherever we lived. It gradually drifted leftward until it was no better than national locals so we dropped it. Interesting that so many roads lead to Chicago these days. The Chicago Tribune has represented quite well the policies and thinking of the leftist democrat machine that has elected citizen Obama to the presidency of the US. It should have died before it deteriorated into a propaganda sheet for the left in general as well as the local democrat party. Their guy is in now so they have become superfluous. Even the left shrinks from sending good money after bad. Good riddance.


39 posted on 12/07/2008 3:52:51 PM PST by mountainfolk (God Bless President George Bush)
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To: Erik Latranyi

Just wait.

Newspaper bailout. (for all the papers that endorsed Obama)


40 posted on 12/07/2008 3:56:52 PM PST by earlJam
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To: Erik Latranyi

and the RATS, take another one in the.................................HA ha!!!

41 posted on 12/07/2008 4:00:35 PM PST by Chode (American Hedonist -)
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To: Erik Latranyi
Is this the CHICAGO Tribune, or some other Tribune?
42 posted on 12/07/2008 4:03:29 PM PST by KayEyeDoubleDee
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To: KayEyeDoubleDee

http://www.tribune.com/


43 posted on 12/07/2008 4:05:28 PM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: EagleUSA; All

Yeah, I wonder how close NYT and LAT are to bankruptcy?

Anyone...


44 posted on 12/07/2008 4:06:34 PM PST by Rick_Michael (Have no fear "Senator Government" is here)
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To: Rick_Michael

The LA Times is part of the Tribune Co. The NY Times Co. has another year or so to live.


45 posted on 12/07/2008 4:07:37 PM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: St. Louis Conservative
What was Sam Zell thinking when he bought Tribune Co.?

He's only on the hook for 300 mil. He's still an extremely wealthy man. Like many successful men, he takes risks. Some work out, some don't. It's not like he pushed all his chips into the middle of the table.

46 posted on 12/07/2008 4:10:06 PM PST by MovementConservative (In 4 years GW Bush and the free-spending republicans have almost completely destroyed the GOP.)
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To: Stosh

So you are the person responsible for all this? (LOL)!!


47 posted on 12/07/2008 4:10:08 PM PST by Maine Mariner
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To: abb

Thanks for the info. Do you personally think their ‘death’ will effect the political culture in America?


48 posted on 12/07/2008 4:13:30 PM PST by Rick_Michael (Have no fear "Senator Government" is here)
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To: teletech

“I can remember when the Chicago Tribune was a conservative paper.”

And so was the Los Angeles Times, Phildelphia Inquirer, New York Daily News, Time Magazine and many others. sigh


49 posted on 12/07/2008 4:13:30 PM PST by bilhosty
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To: MovementConservative

Well, he has had a run of bad luck lately.
I think he bought American Hawaiian Cruise Lines some years ago. He was bringing out 4 new ships and then 9/11 occurred.
The company folded and the newer ships sold.
The old cruise ships, the Independence and Constitution
will probably be going to the ship breakers if they have not already.


50 posted on 12/07/2008 4:13:36 PM PST by Maine Mariner
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