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Paper woes: Tribune files, NY Times borrows, Miami Herald may sell (from Corporate Dealmaker)

The ailing newspaper industry isn't getting a bailout from Uncle Sam as it's squeezed by weakening demand and lost ad sales to rival Web properties.Word just came in that debt-ridden newspaper and television company Tribune Co. filed for bankruptcy Monday. Most of Chicago-based Tribune's debt came from a buyout by...

Posted on December 8, 2008 2:14 PM

Read all about it: Newspapers looking for buyers (from Corporate Dealmaker)

Add another newspaper owner to the list of those selling off assets. Cox Enterprises Inc. plans to sell dozens of daily and weekly papers, along with its direct mail division, ValPak. The company will retain the Atlanta Journal-Constitution, which reported Thursday that Cox will also hang on to flagship papers...

Posted on August 14, 2008 12:18 PM

Selling the Cubs will help, but it won't bail out Sam Zell's Tribune Co. (from Corporate Dealmaker)

A record seven Chicago Cubs will hit the diamond in Tuesday's Major League All-Star Game at Yankee Stadium. Tribune Co. chairman and chief executive Sam Zell can only hope that bodes well for his auction of the team. First round bids for the Cubs -- which is being sold along with Wrigley Field and Tribune's 25% stake in Comcast SportsNet Chicago -- are due Friday...

Posted on July 15, 2008 12:11 PM