Monday, December 8, 2008

Can Tribune Co. survive bankruptcy?

The good news is that today’s bankruptcy filing won’t make things much worse for the Tribune Co. The bad news is that the filing won’t improve things, either.While bankruptcy protection in an ideal case enables a struggling company to restructure its debt, streamline its business and put itself on a sounder footing for the future, it’s hard to imagine how the newly unburdened Tribune Co. can

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