Tribune files for Chapter 11 bankruptcy
Tribune Co. said Monday that it filed for Chapter 11 bankruptcy protection to restructure its nearly $12 billion debt load, one of the most dramatic steps yet to underscore the dire state of the newspaper industry.
The Minneapolis Star-Tribune has filed for bankruptcy protection; the paper's publisher, Chris Harte, said, ``We intent to use the Chapter 11 process to make this great Twin Cities institution stronger, leaner and more efficient so that it is better positioned for the future.''