NEW YORK — Tribune Co. _ owner of the Los Angeles Times, Chicago Tribune, Baltimore Sun and other dailies _ filed for Chapter 11 bankruptcy Monday, the first major newspaper publisher to take such a step since the Internet plunged the industry into a desperate struggle for survival.
The media conglomerate was smothered by a drop-off in advertising and a crushing $13 billion in debt from the company's takeover a year ago by Chicago real estate mogul Sam Zell.
]]>