Tuesday, December 09, 2008

The Collapse: Tribune Files for Bancrupcy

I'm shocked because, 1, I didn't see this coming and 2, It's thus far receiving little media attention.

One of the top media companies in the United States has filed for bankruptcy, sending shockwaves through the ranks of journalists and editors.

The Tribune, which owns flagship dailies like the Los Angeles Times and the Chicago Tribune, as well as 23 television stations across the US, has been hit by falling readership and bad business decisions.

ABC News Australia

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