Stop the presses! Over-leveraged Tribune Corp. files bankruptcy


My first job out of college was working for the Tribune Co.-owned Sun Sentinel and late-lamented Fort Lauderdale News. As a woman among many men, I was in charge of helping put out all the most trivial news -- the 24-page Sunday bridal sections and the 36-page Wednesday food sections.

It was hard to just find enough stuff every week to keep the ads from bumping together. There were so many ads in those newspapers that one of the baffling management problems was how to fit enough copies in a newspaper carrier's bag so that he could get the papers delivered on time.

Those days are long gone. Today, the Tribune Co. declared bankruptcy. Chairman and CEO Sam Zell blamed "a precipitous decline in revenue."

In short. Not enough ads.