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(Image from article: "Tribune Co. CEO Resigns Amid Raunchy Tales")

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Tribune Co. CEO Resigns Amid Raunchy Tales

Tribune Co. CEO Randy Michaels resigned Friday amid tales of raunchy behavior as one of America's biggest media companies looked to shift attention back to its efforts to emerge from bankruptcy protection. Hours later, the company filed its latest reorganization plan in court.

Philadelphia Newspapers Hope For Debt-Free Bankruptcy

Two large Philadelphia daily newspapers hope to emerge from bankruptcy debt-free by paying creditors $37 million in cash plus real estate to settle nearly $400 million in debt.

Philadelphia Newspapers filed its reorganization plan Thursday, six months after filing for Chapter 11 bankruptcy.
The plan gives creditors the iconic downtown building that houses The Philadelphia Inquirer and Philadelphia Daily News.

Washington Post to End Business Section

The Washington Post plans to fold its business news coverage into the main news section, making it the latest newspaper to reorganize in difficult times for print media.

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