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.
Washington Post Staff Writer
The Cubs may be for sale…