Another Big Newspaper Company Going Into Chapter 11

The environment seems to be getting a little bit better for the newspaper industry. There are signs that the remarkable drop in advertising which has lasted for more than two years is slowing. Several newspaper operations, including The Tribune Company and Journal Register, filed for Chapter 11. But since those filings, stock values for the largest newspaper chains, including The New York Times Company (NYT) and Gannett (GCI) have moved up sharply.