"Beside the Chicago Tribune, Tribune Co. owns the Los Angeles Times and other newspapers as well as several TV stations.
According to the filing, Tribune Co. has $7.6 billion in assets and $12.79 billion in liabilities. The company said it has moved to supplement its cash availability in case operating results take an even steeper decline through an agreement negotiated with Barclays to maintain post-filing its existing securitization facility."
How ironic that the first big newspaper to bite the dust is in Obamatown. Does anyone know who they endorsed for President?
Sphere: Related Content
No comments:
Post a Comment