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Tribune Declares Bankruptcy; NY Times Borrows against Its Building
The Tribune Company, with major newspapers in Chicago and Los Angeles, has filed for bankruptcy , and the New York Times may have to mortgage its property in New York City. Both actions belie the struggles of an increasingly troubled industry.
By Warren Olney • • 1 min readThe Tribune Company, with major newspapers in Chicago and Los Angeles, has filed for bankruptcy, and the New York Times may have to mortgage its property in New York City. Both actions belie the struggles of an increasingly troubled industry. A 20-year veteran of the defunct Knight-Ridder Newspapers, Ken Doctor is an analyst for Outsell and Content Bridges, which focus on the transformation of the news media from print to digital.
