held Tribune Company filed for Chapter 11 bankruptcy protection. (AP) Media conglomerate Tribune Co. We just announced that Tribune is restructuring its debt under Chapter 11 protection. protection filing as soon as this week. The Tribune Company may go into Chapter 11 this week. The newspaper industry has several companies headed that way. Reuters reports that The Tribune Company is filing for a possible bankruptcy. A day ago came news that McClatchy (MNI) would sell its flagship Miami Herald.
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