This isn’t good, this is sad. I have worked with the folks at Tribune for a long time. This is a great institution which is now saddled with debt from a buyout and it may file for bankruptcy.

I would expect more shoes to drop in the newspaper field. There is too much debt; too many expenses; plummeting sales; and old school management.

It always amazes me when an executive from another field - in this case real estate - can borrow money to “fix” another business in an unrelated industry. Why did these folks think they had a magic wand and could fix a newspaper and broadcast company?

This is such sad news if true.