Is The Tribune Company Ready To File Chapter 11?

Print Email

A day ago came news that McClatchy (MNI) would sell its flagship Miami Herald. The day before, the Rocky Mountain News went on the block and Newsday said it would make additional newsroom cuts.

Public company newspaper chains Journal Register and Gatehouse have been kicked off the NYSE, and it is assumed that they are auctioning off their properties.

According to The Wall Street Journal, the industry got another piece of bad new. The Tribune, which went private a year ago, may file for bankruptcy as early as this week.

Douglas A. McIntyre