Major newspaper chain files for bankruptcy

From Reuters:

The publisher of the Chicago Tribune and the Los Angeles Times declared bankruptcy on Monday as the U.S. newspaper industry’s unrelenting loss of readers and advertisers claimed its biggest victim yet.

And then there’s this at NBC.

Frankly, I thought the big ones would hold on a bit longer when I wrote this yesterday.

Thanks to Dan Gardner for propagating the sad news.

Further reading update: make a quick detour through Politics as Puppetry for another angle. I don’t agree with his (her?) conclusions, but worth reading nonetheless.