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This has a familiar ring

 
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Old 12-08-2008, 07:59 AM
 
Join Date: Apr 2006
Location: Copperas Cove, TX
Posts: 530
Default This has a familiar ring

From today's Boston Herald:

"Chicago Tribune parent Tribune Co. is working with bankruptcy advisers at investment bank Lazard and law firm Sidley Austin to weigh financial options, including a possible restructuring for the heavily leveraged media company, sources said Sunday.

[snip]

The Tribune Co. has been struggling under a $13 billion debt load since real estate magnate Sam Zell took the company private last December in an $8.2 billion leveraged buyout. The company faces a Monday deadline on $70 million of unsecured debt it took on before Zellís deal."

Tribune Co. hires bankruptcy advisers - BostonHerald.com
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