Archive for the ‘Los Angeles Times’ Category

Nation-Wide Media Giant “Tribune Company” Files for Bankruptcy

December 8, 2008

Media giant Tribune Co., saddled with billions in debt since it became a privately held company last year, has hired bankruptcy advisers, according to its flagship newspaper, the Chicago Tribune. 

The Chicago-based company owns a coast-to-coast empire with television stations and newspapers in most of the nation’s largest cities. Its holdings include the Los Angeles Times; cable television super-station WGN in Chicago; the Baltimore Sun; and WDCW-50 in Washington, the CW affiliate. The company even owns the Chicago Cubs. 

By Frank Ahrens
Washington Post Staff Writer

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The Cubs may be for sale…