





The Tribune media group files for bankruptcy protection
"The move opens the most painful episode yet in a tumultuous period at the company that started when the former owners of the Los Angeles Times, which Tribune Co. acquired in 2000, forced the company to seek a restructuring more than two years ago. That process culminated in Zell taking the company private last December in a debt-laden transaction, which exposed the Chicago Tribune parent, a longtime pillar of the city's business and civic life, to fierce economic forces it couldn't weather", Chicago Tribune explains.