Tribune Newspaper Due To Go Under
Written by ysdata on December 8, 2008 – 4:03 pm
In these stressful economic times, another company is considering bankruptcy. The Tribune Company which provides the Tribune Newspaper went private a year ago. However, today the Tribune is currently having problems paying their debt services. The Tribune publishes newspapers in the following locations: Chicago, Los Angeles, Baltimore, Orlando, South Florida, Connecticut, Pennsylvania and Virginia.
According to reports, the Tribune is facing a $13 billion in debt and a lost in revenue. Bankruptcy protection (Chapter 11 bankruptcy) could be there last hope.
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