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New Chicago Tribune Debuts September 29th

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Chicago Tribune readers will get their first look at the paper's redesign on Sept. 29, according to Tribune Co. Chief Operating Officer Randy Michaels.

But on Wednesday, an analyst who follows Tribune's debt noted that recent efforts to polish the paper or slim down its staff haven't done anything to buff up the media company's financial outlook.

"While we do not feel bankruptcy is imminent," wrote Chicago-based Dave Novosel of Gimme Credit LLC in a note to clients, "it is hard to envision a catalyst that will drive these bonds higher."

Neither Mr. Michaels nor the company's spokesman would provide details of the redesign, but it appears that, contrary to a prototype leaked recently to an industry publication, the newspaper won't splash its nickname -- Trib -- atop the front page.

Read the whole story at Crain's Chicago Business