2 posts and columns on Nielsen Media Research

Tribune Files for Chapter 11; Who’s on the Hook?

in Media on December 8, 2008 at 12:07 pm PT

As predicted, Sam Zell’s Tribune Co. has filed for Chapter 11 bankruptcy protection. In the company’s initial filing, it lists assets of $7.6 billion and $12.9 billion in liabilities. Much of that debt belongs to big banks, of course–J.P. Morgan has more than $1 billion by itself. But Tribune owes lots of money to lots of media companies, too.