Print: Tribune Bankrupt, Ad revenue plunge

From RintiniWriting Media giant Tribune Co., saddled with billions in debt since it became a privately held company last year, filed for Chapter 11 bankruptcy protection in a Delaware court this afternoon, becoming the first major newspaper or chain to declare bankruptcy in modern history. (Washington Post) Wall Click for bigger picture. Total print and…

Social Networks and Economic Downturn

Following on from my The Coming Tech Bust post: Amid a downturn, another Internet company’s initial offering catches fire Article Abstract: Geocities’ stock price surged in its initial public offering, which also continued investor appetites for Internet company debuts. The virtual community raised its value to $1.1 billion despite its $5 million loss in 1997…

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