Tribune = Bankrupt?

Uh oh. The Wally Jay reports that the Tribune Co., owner of the Baltimore Sun, is "preparing for a possible filing for bankruptcy-court protection as soon as this week." Yike! "The company's cash flow may not be enough to cover nearly $1 billion in interest payments due this year, and Tribune owes a $512 million debt payment in June." The company's been staying ahead of its debt payments so far by selling off assets, but is running out of options.
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