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Tribune Co. is preparing to emerge from bankruptcy on Monday. The Chicago-based publisher of the...

  • Friday, December 28, 2012, 8:09 PM ET
    Tribune Co. is preparing to emerge from bankruptcy on Monday. The Chicago-based publisher of the Chicago Tribune, Los Angeles Times, Baltimore Sun and other newspapers, and the owner of the WGN broadcast properties, has been under Chapter 11 protection from creditors since Dec. 8, 2008.
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    Sam Zell strikes again with the leveraged buyout of the Tribune in about 2007 which saddled it with over $13 billion in debt. Too bad they can't somehow force these titans of industry to lose their own billions in other ventures when they do these leveraged buyouts.
    29 Dec 2012, 02:56 AM Reply Like
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