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Tribune Saddled With Daunting Debt

New owner must repay $12 billion with declining revenues

By Heather McPherson,  Newser User

Posted Apr 4, 2007 8:53 AM CDT

(Newser) – Sam Zell 's bid for the Tribune Co. beat back his well-heeled rivals, but it saddled an already struggling enterprise with over $12 billion in debt. Now the Wall Street Journal wonders how he expects to pay it back. The likely annual interest fees alone...   Read full story »

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