The Tribune Company, owners of the Chicago Tribune and Los Angeles Times among others, has filed for bankruptcy. For those interested in the potential sale of the San Diego Union-Tribune (that would be me), it appears as though Sam Zell is out of the running.

The New York Times announced today that it would be mortgaging its Manhattan headquarters in order to "ease a potential cash flow squeeze." Rumor has it that the Times first tried to get a loan using its Facebook fans as collateral, but the banks wanted something with more intrinsic value.