Friday, April 4, 2008

Tribune Co. Faces Default Threat in '09

Tribune Co is at risk of defaulting on its debt in as little as 18 months if the newspaper business deteriorates further, and it fails to unload more properties.

By some estimates, Tribune could fetch $1.6 billion for the Newsday daily paper and the Chicago Cubs baseball team and related properties, the assets it has already put on the block. [Click for MORE]

Sphere: Related Content

No comments: