tribune_logo1We don’t often report hard news – but the news of the Tribune Company possibly filing for bankruptcy caught our eye this weekend.  Crain’s Chicago Business relayed a report from the Wall Street Journal – so the buzz machine is in full gear, that’s for sure.  You can read it here.

What impact will a bankruptcy filing have on the Chicago Tribune or LA Times?  It really depends on what kind of filing Zell & Company pursue.  But if anything, this tells us die-hard Cubs fans that Zell is really serious about selling the team and generating the kind of cash he needs to pay $1B in interest and an upcoming $512M debt payment this coming June.

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