Hi. My name is Adam.

Tribune Co. files for bankruptcy

Posted in Bankruptcy, Chicago Tirbune, economy, Gannett, Los Angeles Times, Tribune by adambsullivan on December 8, 2008

The Tribune Company (the media corporation that owns The Chicago Tribune and The Los Angeles Times) filed for Chapter 11 bankruptcy today. The company holds several daily newspapers as well as television and radio outlets. Additionally, Tribune Co. owns The Chicago Cubs and a couple magazines, among other miscellaneous holdings.

The Tribune’s bankruptcy news comes less than a week after Gannett (the world’s largest newspaper holding corporation) announcedĀ massive layoffs at numerous newspapers around the country.

Both companies have publicly blamed their dealings on the current economic crisis. However, the years-long trend of sinking print readership and an industry that is slow to change is more likely the leading culprit.


One Response

Subscribe to comments with RSS.

  1. Ray said, on December 8, 2008 at 9:14 pm

    I see jobs in advertising, media, publishing and journalism posted on popular job sites – http://www.linkedin.com (networking)http://www.indeed.com (aggregated listings)http://www.realmatch.com (matches you to the perfect job)If tribune goes under, the tribune folks will get new jobs.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: