Tribune Company Files For BankruptcyDecember 2008
In June we predicted that increased debt loads, declining advertising revenue and the continued growth of the Internet as a reliable source for news and information could force the print news publishing industry into one of the most difficult periods in its history. As the economic slump that was percolating over the summer developed into a full-blown crisis in the fall, the industry continued to struggle. And after much speculation in the media over the past few weeks, one of those companies has succumbed to bankruptcy.
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