Bankrupt Round-Up


  • Kevin Roderick is reporting that the Tribune Company is freezing pending payments to freelancers.

  • NewsBlues ran a chilling story about all the recent layoffs:

    Tribune also says severance payments to recently laid-off employees, deferred compensation, and other payments to former workers have been discontinued. Essentially, those former employees become creditors who will have to get in line in bankruptcy court.

  • Over at there have been several calls for the painful death of Sam Zell…even more than normal.

  • Andrew Leonard at Salon asks the question,”Since when has investigative reporting ever paid for itself?” among others.

  • Richard Perez-Pena at compares the Tribune woes to the housing bubble. That turned out okay, right?

  • Not The LA Times also files Chapter 11 – in solidarity.