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The Chicago Tribune
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The Tribune Saga
Real estate tycoon Sam Zell had big ideas for Tribune Co. when he took control of the media conglomerate in late 2007 through an $8.2 billion leveraged buyout. But the iconic company, parent of the Chicago Tribune, filed for bankruptcy less than a year later. This marked the beginning of a four-year odyssey through Chapter 11 reorganization—brought on by falling advertising revenue amid a $13 billion debt burden that the deal created. The company's saga mirrored the U.S. financial crisis, in which speculative risk using exotic investment instruments helped trigger what became known as the Great Recession. When the company finally emerged from court protection at the end of 2012 under new o...
Innovation and Technology
Culled from the pages of the Chicago Tribune, this collection of articles features the most relevant and recent business stories on innovation, entrepreneurship, and technology as reported by the award-winning Tribune columnists and reporters. Innovation and Technology encapsulates the cutting-edge developments in the tech world that are affecting large corporations, small business, start-ups, and consumers alike. Innovation and Technology is divided into three main sections: Innovation in Chicago, Profiles in Innovation, and Technology in the News. The Innovation in Chicago section discusses the latest start-ups in Chicago, as well as how innovative technologies (anywhere from 3D printing t...
