Financial reports and media news were largely intertwined in 2008, as many media companies – suffering from the economic downturn and fearing a barren 2009 – cut jobs, publications, and editions.
The financial pain was especially felt at the top traditional media brands, perhaps no more so than Tribune Co., which filed for Chapter 11 protection in early December. The New York Times, fresh off a round of layoffs, saw its stock hit 52-week lows numerous times during the fourth ...