The Newspaper Fallout Continues: Tribune Company Goes Bankrupt

Photo from Charles Rex Arbogast of the AP

First, McClatchy puts the Miami Herald on the block.

And now, today, the Tribune company has hit rock bottom.

Media conglomerate Tribune Co. filed for bankruptcy protection Monday, as the owner of the Chicago Tribune, the Los Angeles Times, the Chicago Cubs and other properties tries to deal with $13 billion in debt.

In regards to the Cubs, they aren't in the filing for bankruptcy though.