Perfect Market Raises Another $9 Million to Help Papers Sell Old News

Perfect Market doesn’t promise to save the newspaper business. But the company says it can help papers wring more money out of the stuff they’re already making.

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

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.