Tribune files for bankruptcy protection
The Tribune Co. filed for bankruptcy protection Monday to try to deal with $13 billion in debt, but Cubs officials said the team was not included in the filing and the move will not affect its offseason plans.
The Minneapolis Star Tribune, the 15th-largest daily US paper based on circulation, filed for bankruptcy on Thursday, one of the biggest US newspapers yet to financially flame out under a heavy debt load and a punishing decline in advertising revenue.