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Monday, October 5, 2009

The Other Bankruptcy

Posted By on 10.05.09 at 11:04 AM

Have I been writing too much lately about the Sun-Times Media Group? It's not the only bankrupt newspaper company in town.

There's also the Tribune Company, whose proposal to pay 700 top managers up to $66 million in bonuses is running into heavy weather, in bankruptcy court and in this column by media writer David Carr in the New York Times.

Says Carr, "The bonuses at issue in the court in Delaware offer a nice window into the entitlement and tone-deafness that has prevailed at the company."

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