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Tribune Co. Reportedly Considering Bankruptcy Filing

By AAN Staff
december 8, 2008  09:54 am
The embattled Tribune Company, which owns three AAN papers, has hired an investment bank and law firm in recent days to advise the company on a possible trip through Chapter 11 bankruptcy, according to the Wall Street Journal. Tribune owns the Fairfield County Weekly, Hartford Advocate and New Haven Advocate. Sources tell the Journal that a filing could come as early as this week. UPDATE (4:05 pm): The company did indeed file for bankruptcy protection today, and will stop making interest payments on $12 billion in debt as it attempts to restructure its loans, the Los Angeles Times reports.
View full article at The Wall Street Journal
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