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Tribune Company to File For Chapter 11 Bankruptcy?

By Marcus Gilmer in News on Dec 8, 2008 1:21AM

Today the Wall Street Journal reported that the Tribune Company is considering filing for Chapter 11 bankruptcy and could file as early as this week. The company has hired Lazard Ltd. for financial and and legal counsel to steer them through the potential claim. Crain's has a bit more on the story, and cites a Tribune spokesman as saying the company does not comment on rumor and speculation.