Tribune Co. Prepares For Possible Bankruptcy Filing (Picture-2966837)

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LOS ANGELES, CA - DECEMBER 8: The Los Angeles Times newspaper building is seen as its parent Tribune Company files for bankruptcy-court protection, December 8, 2008 in Los Angeles, California. The Tribune Company, which owns the LA Times, Chicago Tribune, other newspapers, television stations, the Chicago Cubs and Wrigley Field, is $13 billion in debt. Most of its debt comes from a complex transaction last year by real estate mogul Sam Zell to make the company private. Since then, the recession, increasing online readership, and severe reductions in advertising have pushed the company deeper into financial instability. (Photo by David McNew/Getty Images)

BERLIN - FEBRUARY 10: German Vice Chancellor and Foreign Minister Guido Westerwelle delivers his speech during a session at the German Parliament (Bundestag) at the Reichstag building on February 10, 2010 in Berlin, Germany. Westerwelle gives a government declaration on ISAF military deployment to increase the number of German troops in Afghanistan from the current 4,500 to 5,350. (Photo by Andreas Rentz/Getty Images)

ITAR-TASS 02: KAZAN, RUSSIA. FEBRUARY 10, 2010. Hapoel s Dijon Thompson (R) seen during a European Basketball Cup match between UNICS Russia and Hapoel Israel. UNICS Russia won 78-71. (Photo ITAR-TASS / Yegor Aleyev)

ITAR-TASS 47: MOSCOW, RUSSIA. FEBRUARY 10, 2010. Former US Secretary of State Madeleine Albright appears prior to a meeting with Russian Foreign Minister Sergei Lavrov. (Photo ITAR-TASS / Vladimir Astapkovich)

Actor Hugo Weaving, a cast member in the motion picture horror thriller The Wolfman , arrives for the premiere of the film at the Arclight Cinerama Dome in the Hollywood section of Los Angeles on February 9, 2010. UPI/Jim Ruymen

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LOS ANGELES, CA - DECEMBER 8: The Los Angeles Times newspaper building is seen as its parent Tribune Company files for bankruptcy-court protection, December 8, 2008 in Los Angeles, California. The Tribune Company, which owns the LA Times, Chicago Tribune, other newspapers, television stations, the Chicago Cubs and Wrigley Field, is $13 billion in debt. Most of its debt comes from a complex transaction last year by real estate mogul Sam Zell to make the company private. Since then, the recession, increasing online readership, and severe reductions in advertising have pushed the company deeper into financial instability. (Photo by David McNew/Getty Images)

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