Lawyers in Tribune Bankruptcy Case Take In $231 Million, and Counting

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By: David Carr | New York Times

In a memo earlier in January, Gerould Kern, senior vice president and editor of The Chicago Tribune, said that economic pressures required further layoffs at the beleaguered flagship of the Tribune Company, a newspaper and television company that fell into bankruptcy in 2008 after it was bought by Sam Zell, a Chicago real estate developer, in a highly leveraged deal.

“We begin the year with a need to reduce costs as we face the continued financial pressures from a weak economy and structural changes in our industry,” Mr. Kern said. “We are committed to taking action quickly, thoughtfully and fairly.”































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