The Tribune is in Bankruptcy : Retraction included for asset list
December 7, 2008
CHICAGO, December 8, 2008 — Tribune Company today announced that it is voluntarily restructuring its debt obligations under the protection of Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The company will continue to operate its media businesses during the restructuring, including publishing its newspapers and running its television stations and interactive properties without interruption, and has sufficient cash to do so.
Edit: Our initial story had all of the Tribune’s assets listed as in bankruptcy, however that proved to be false. Apartments.com, Cars.Com, Homescape, and the other Classified Ventures properties are NOT in bankruptcy. Though partially owned by the Tribune they are not involved with the bankruptcy.
Comments
Recognized by Advertising Age Magazine as top Power 150 news outlet for Advertising and Marketing.
Recognized and listed in Google News. Don't stress, we're Satire
Ad Agency Advertising
