Tribune's Ch. 11 Filing Underscores Industry Turmoil

Law360, New York (December 8, 2008, 12:00 AM EST) -- Media company Tribune Co. filed for Chapter 11 protection Monday, a development that comes as experts say factors including declining advertising revenues and competition from online news sources will lead to a surge in newspaper bankruptcies and dramatically alter the landscape of the newspaper industry in the coming years.

Tribune Co., which owns papers including the Chicago Tribune, The Los Angeles Times and The Baltimore Sun, filed for bankruptcy in the U.S. Bankruptcy Court for the District of Delaware, along with a slew of affiliates. Tribune...
To view the full article, register now.