Bad Business Deal Leads to Tribune Bankruptcy

Summary


Let's hope Chicago-based Tribune Co. is the iceberg and not just the tip of the iceberg.

Tribune filed for bankruptcy Monday, the owner of some of the country's best newspapers and worst baseball clubs. (Aw, that last is just for fun. The Chicago Cubs aren't that bad, they just never won a World Series in their first century and are now, like the Pirates, into their second.)

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Extract


Bad Business Deal Leads to Tribune Bankruptcy

But the Chicago Tribune, Los Angeles Times, Baltimore Sun and until recently, Newsday -- those are all fine newspapers, althou...

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