Tribune Under Debt

This morning's Chicago Tribune and Los Angeles Times refer to inside stories about parent Tribune Co., which has hired bankruptcy advisers. The Times said, "A bankruptcy action is possible but not certain." Tribune, which is $13 billion in debt, owns eight newspapers and 23 television stations along with other assets. The news was reported by The Wall Street Journal's Web site on Sunday and appears on today's Washington Post front page.

Update: Tribune has filed for bankruptcy protection, The New York Times reports.