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- The Tribune owns 23 TV stations and 12 newspapers
- Assets include: The Los Angeles Times and The Chicago Tribune
- Has employed the help of its law firm, Lazard and Sidley Austin
- The company is making an effort to sell the Chicago Cubs baseball team, the team's stadium and a share of its broadcasting networkThe New York Times: Tribune Co. Could Be Flirting With Bankruptcy (December 7, 2008)
- The sale of the Cubs and other related assets would result in a $1 billion cash influxThe New York Times: Tribune Co. Could Be Flirting With Bankruptcy (December 7, 2008)
- Not in compliance with earnings before interest, taxes, depreciation and amortization requirementThe New York Times: Tribune Co. Could Be Flirting With Bankruptcy (December 7, 2008)
- If the requirement is not met by the end of December, The Tribune will be in default of its obligation to its bondholdersThe New York Times: Tribune Co. Could Be Flirting With Bankruptcy (December 7, 2008)
- Such a default may result in bankruptcy
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The company that owns both The Chicago Tribune and The Los Angeles Times has hired advisers for a possible bankruptcy filing. Although it's unknown whether The Tribune has just hired the advisers in an abundance of caution, the newspaper company did fall below cash flow requirements it has for bondholders.The New York Times: Tribune Co. Could Be Flirting With Bankruptcy (December 7, 2008)
The company has fallen on hard times since its December 2007 privatization that placed Samuel Zell as head of operations. The resulting debt from that transaction weakened its balance sheet, and the move to sell off Newsday was conducted primarily to pay down some of the transaction's obligations.The New York Times: Tribune Co. Could Be Flirting With Bankruptcy (December 7, 2008)
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Tribune Bankruptcy on Amazon
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JOURNAL REGISTER HIRES LAZARD; TRIBUNE IN TROUBLE? 'Strategic option' might be bankruptcy; Newsday shopped.: An article from: NewsInc - $9.95
This digital document is an article from NewsInc, published by The Cole Group on April 7, 2008. The length of the article is 809 words. The page length shown above is based on a ty...Amazon
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Tribune Bankruptcy Questions
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What is a prearranged bankruptcy? 1 AnswerFrom a Tri-City Herald article on Charter: In a prearranged bankruptcy, a company enters into reorganization with a plan to emerge that has the approval of majo... read more -
How is life in Iceland after the bankruptcy? 1 AnswerI read from the paper that it's a great time to travel there these days; most of the hotels, etc are 50% cheaper than usual. read more -
How do you find current bankruptcies online? 1 AnswerBankruptcy records are public information and can be found by a number of means. The best way is to contact the local/federal bankruptcy court that would be han... read more -
Will GM be able to avoid Bankruptcy? 2 AnswersI don't see how they will avoid bankruptcy with all the pensions they pay to their retired, and with all the new laws on mpg. Their best-selling vehicles will h... read more
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On Twitter Powered by Twitter
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MediaPost: Bankruptcy Twists: Tribune Moves Forward, Philly Newspapers Push Back http://bit.ly/8seC4k #mediapost
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Chicago (IL) Tribune-Business: Bankruptcy filings surge
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Chapter 11 news. East Valley Tribune may have buyer: California-based Freedom is in Chapter 11 bankruptcy protectio... http://bit.ly/7JPlWG
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Sam Zell's plans to end Tribune's bankruptcy run into trouble http://bit.ly/873Mcx #Radio #RadioInfo
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MediaPost Publications Bankruptcy Twists: Tribune Moves Forward ... http://bit.ly/8wbpEj
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