Whatever happened to transparancy, Mr. Zell?
So we learned today that the parent company of the Daily Press (Tribune Co., whose flagship is the Chicago Tribune) could be less than a week away from filing for bankruptcy protection. We did not hear this from the Chicago Tribune but from the New York Times and the Wall Street Journal, even though the Tribune posted a bulletin on their Web site about it over an hour ago.
This from the company and owner who proclaimed in January that it was our company now and any decisions he (Sam Zell) made were our decisions.
FYI, filing for bankruptcy protection allows a company that is in danger of going bankrupt (as apparently Tribune is) from freezing all debt collection request until they can reorganize the company and figure out a way to move forward. While not a death sentence, it is quite sobering. This of course, accelerates my job search/grad school applications quite a bit.
This from the company and owner who proclaimed in January that it was our company now and any decisions he (Sam Zell) made were our decisions.
FYI, filing for bankruptcy protection allows a company that is in danger of going bankrupt (as apparently Tribune is) from freezing all debt collection request until they can reorganize the company and figure out a way to move forward. While not a death sentence, it is quite sobering. This of course, accelerates my job search/grad school applications quite a bit.