Tribune Prepares for Bankruptcy Filing

Tribune is preparing for a possible bankruptcy-protection filing as soon as this week, according to people familiar with the matter, opening a new front of trouble for the newspaper industry.

As Tribune continues discussions with its lenders to rework its debt load, the newspaper-and-television concern in recent days has hired Lazard as its financial adviser and a legal counsel for a possible trip through bankruptcy court. [Click for MORE]

> LA Times: Debt-laden Tribune Co. explores possible bankruptcy filing
> LAbiz.com: Tribune prepares bankruptcy
> DealBook: Tribune Hires Advisers to Try Staving Off Bankruptcy
> Reuters: Tribune prepares for possible bankruptcy filing
> RonKayeLA: Tribune Co. Hires Bankruptcy Advisers
> Kerfuffle: Sam Zell's Tribune Company eyes bankruptcy
> Trib: Tribune Co. hires bankruptcy advisers
> NYT: Tribune Co. Could Be Flirting With Bankruptcy
> AP: Tribune Co. Weighing Bankruptcy Filing, Reports Say
> MarketWatch: Tribune could file for bankruptcy
> GannettBlog: GCI partner Tribune said girding for bankruptcy
> Wash. Post: Debt-Ridden Tribune Co. Considers Bankruptcy Sphere: Related Content