TribCo default watch continues | Bleader

Wednesday, June 25, 2008

TribCo default watch continues

Posted By on 06.25.08 at 01:29 PM

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Trib Tower might be for sale. It makes sense given the company's financial position, but I'm not sure it's a challenge to "traditional thinking," selling things being the world's oldest profession. Zell says the company can get through 2008, but Standard & Poor's isn't so sure. The company's 2009 debt obligation has been estimated at $4 billion.

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