Reuters
Reuters says Tribune risks defaulting on its debt in 2009 if the newspaper business deteriorates further, and the company fails to unload more properties. "Tribune is a big microcosm of issues across the industry, and
Sam Zell made an unfortunate bet, if you will, jumping into a business he knew nothing about," says newspaper analyst
Miles Groves. ||
CJR: "Still, Tribune has something of a chance."