Washington - Troubled media giant Tribune Company is consulting with bankruptcy experts to consider its options in the face of 13 billion dollars in debt and plummeting advertising revenue, the Chicago-based firm said late Sunday.
In an article on the website of its flagship newspaper, the Chicago Tribune, a spokesman described an "uncertain and difficult environment."
"We haven't made any decision," Tribune Co spokesman Gary Weitman said. "We're looking at all of our options."
Tribune Co's nationwide holdings include the Los Angeles Times, which is the company's largest newspaper, the Baltimore Sun, cable TV superstation WGN and the Chicago Cubs baseball team.