Courant Parent Files for Bankruptcy

Remember all the downsizing and cost-cutting the Courant did earlier this year? Fat lot of good it did. The Courant‘s parent company, Tribune, has filed for bankruptcy as it struggles under $13 billion in debt.

As of right now, nothing is going to change at the Courant. The bankruptcy proceedings shouldn’t affect the day-to-day operations of the paper.

Still, it’s not a good sign of things to come.

You can read the email owner Sam Zell sent to employees at CTNJ.

2 responses to “Courant Parent Files for Bankruptcy

  1. Just received an email solicitation from the Courant entitled “Capturing History is What We Do” … I’m thinking “Becoming History Is What You’re About To Do”

  2. If you have no news, how can a newspaper with such a large distribution expect to make money? I think I’ve often picked up the paper with only 4 pages in the front section – smaller than the rep-am’s classifieds!

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