Giants in the news business in big, big trouble

News moves fast anymore. Here's a story on Monday about the pending bankruptcy filing of Sam Zell and his Tribune Co. empire:

http://online.wsj.com/article/SB122868944355686385.html

Then just hours later this from the Huffington Post:

http://www.huffingtonpost.com/2008/12/08/chicago-tribune-files-for_n_149328.html

It's a shame for all the employees involved.

Thanks to a frequent FFE reader for the above.