Where does it end…
Tribune Co has filed for Chapter 11 bankruptcy protection after struggling under a heavy debt load, according to a court document filed with the U.S. bankruptcy court in Delaware on Monday.The privately held publisher of the Chicago Tribune and Los Angeles Times, which took on about $13 billion of debt when it went private last year under a deal led by real estate mogul Sam Zell, said in the filing that it had $7.6 billion in assets and $12.97 billion in debt as of December 8.
Tribune files for bankruptcy protection | U.S. | Reuters
admin @ December 8, 2008
