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Tribune Files for Bankruptcy Protection
Chicago Tribune ^

Posted on 12/08/2008 10:50:48 AM PST by Rutles4Ever

Media conglomerate Tribune Co. has filed for bankrutpcy protection, pressured by high debts, according to the Associated Press.

(Excerpt) Read more at chicagotribune.com ...


TOPICS: Breaking News
KEYWORDS: corruption; dinomedia; dinosaur; economy; il; mediawatch; msm; newspaper; samzell; zell
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1 posted on 12/08/2008 10:50:48 AM PST by Rutles4Ever
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To: Rutles4Ever
There are few more deserving, but many equally complicit.
2 posted on 12/08/2008 10:52:20 AM PST by Carry_Okie (The fourth estate is the fifth column.)
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To: Carry_Okie

and they can’t even spell “bankruptcy” correctly.


3 posted on 12/08/2008 10:53:29 AM PST by dep (how about next time we don't nominate someone who apologizes for being there)
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To: Rutles4Ever

MSM: We did our part in the election, now we want our bailout!


4 posted on 12/08/2008 10:53:29 AM PST by Sax
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To: Rutles4Ever
Time for a government bailout!

The Obama administration can't let one of their most valuable propaganda resources go under this early in the game.

5 posted on 12/08/2008 10:54:39 AM PST by mojito
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To: Rutles4Ever

6 posted on 12/08/2008 10:54:58 AM PST by Crazieman (Feb 7, 2008 http://www.freerepublic.com/focus/f-news/1966675/posts?page=28#28)
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To: dep

What’s even more disturbing is that the Tribune broke the news of its own bankruptcy with an AP report...


7 posted on 12/08/2008 10:55:22 AM PST by Rutles4Ever (Ubi Petrus, ibi ecclesia, et ubi ecclesia vita eterna!)
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To: abb

FYI


8 posted on 12/08/2008 10:56:30 AM PST by ken5050
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To: Rutles4Ever
"Better Red than Read; whoops, we're Dead!"
9 posted on 12/08/2008 10:57:49 AM PST by NonValueAdded (once you get to really know people, there are always better reasons than [race] for despising them.)
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To: 04-Bravo; aimhigh; andyandval; Arizona Carolyn; backhoe; Bahbah; bert; bilhosty; Caipirabob; ...

10 posted on 12/08/2008 10:59:14 AM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: Rutles4Ever

http://www.chicagobreakingnews.com/2008/12/tribune-files-for-bankruptcy.html

Media conglomerate Tribune Co. has filed for bankruptcy protection, pressured by high debts.

The Chicago Tribune’s parent company was working with bankruptcy advisers at investment bank Lazard and law firm Sidley Austin to weigh financial options, sources told the Chicago Tribune for this morning’s paper.

Tribune Co. has been struggling under a $13 billion debt load since real estate magnate Sam Zell took the company private last December in an $8.2 billion leveraged buyout. The company faces a deadline today on $70 million of unsecured debt it took on before Zell’s deal.


11 posted on 12/08/2008 11:00:43 AM PST by Rutles4Ever (Ubi Petrus, ibi ecclesia, et ubi ecclesia vita eterna!)
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To: Rutles4Ever; Admin Moderator
Original headline on article: Tribune files for bankrutpcy protection

In keeping with Free Republic standards for accurately quoting original sources, I request you correct the title for this post. :)


12 posted on 12/08/2008 11:00:49 AM PST by Zakeet (Be thankful we don't get all the government we pay for)
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To: Zakeet
Must have laid-off their proofreaders before the news broke.
13 posted on 12/08/2008 11:02:43 AM PST by JrsyJack (We Shoot, We Vote, We're angry!)
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To: Rutles4Ever

Maybe they should have released their tapes huh?

LOL.


14 posted on 12/08/2008 11:04:52 AM PST by rom (Obama '12 slogan: Let's keep on hoping!)
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To: Zakeet

http://www.latimes.com/business/la-fi-tribune9-2008dec09,0,5273854.story
Tribune Co. files for bankruptcy protection


15 posted on 12/08/2008 11:05:01 AM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: Rutles4Ever

Now that they are bankrupt maybe the LA Times will finally release the Obama farewell party video or sell it to the highest bidder.


16 posted on 12/08/2008 11:05:46 AM PST by JrsyJack (We Shoot, We Vote, We're angry!)
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To: abb

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/12/06/MN9O14IPM9.DTL
CNN looks to compete with Associated Press


17 posted on 12/08/2008 11:08:01 AM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: JrsyJack
Must have laid-off their proofreaders before the news broke.

Nope.

Evidence clearly proves the Tribune is still maintaining their usual standard of journalistic excellence.

18 posted on 12/08/2008 11:10:23 AM PST by Zakeet (Be thankful we don't get all the government we pay for)
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To: Rutles4Ever
We sure needed some good news today.

I hope they can't reorganize. Liquidate, baby, liquidate!

19 posted on 12/08/2008 11:10:49 AM PST by Aquinasfan (When you find "Sola Scriptura" in the Bible, let me know)
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Dear Tribune:

Good bye, good riddance, and burn in hell.

20 posted on 12/08/2008 11:11:54 AM PST by Enterprise (No Presidency for illegal aliens from Kenya.)
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