The Tribune Company is a large, employee-owned, American multimedia corporation based in Chicago, Illinois. It is the nation's second-largest newspaper publisher, responsible for the Chicago Tribune, Los Angeles Times, Hartford Courant, Orlando Sentinel, South Florida Sun-Sentinel, Baltimore Sun and the The Morning Call, among others. Through other subsidiaries, the Tribune Company also owns Tribune Broadcasting, Tribune Entertainment, Tribune Me...
more
The Tribune Company is a large, employee-owned, American multimedia corporation based in Chicago, Illinois. It is the nation's second-largest newspaper publisher, responsible for the Chicago Tribune, Los Angeles Times, Hartford Courant, Orlando Sentinel, South Florida Sun-Sentinel, Baltimore Sun and the The Morning Call, among others. Through other subsidiaries, the Tribune Company also owns Tribune Broadcasting, Tribune Entertainment, Tribune Media Services, and 5 percent of the Chicago Cubs baseball team.
The Tribune Company filed for Chapter 11 Bankruptcy on December 8, 2008. The company is struggling under a $13 billion debt load, much of it incurred in taking the company private in 2007, and from plummeting advertising income at its newspapers. Actions being contemplated or already initiated to meet the debt obligations include widespread newspaper staff layoffs, selling Newsday, the Cubs and Wrigley Field, and the Chicago Tribune Tower and Los Angeles Times Building.
Tribune was...
less
