Something stinks in Chicago, and it's not just the city's river.
Media watchers have enjoyed a steady diet of controversy from Hollinger International
Now, Chicago-based Tribune
The news will probably add more uncertainty to expectations of a recovery for newspaper groups. Tribune is already wrestling with difficulties at the Los Angeles Times, which despite winning five Pulitzer Prizes, is having trouble meeting targets. One significant problem hitting that paper and other outlets is the entertainment industry's move away from print ads toward Internet promotions. Both Yahoo!
For now, it looks like the upswing in the newspaper business won't be that dramatic, despite the broad recovery in the economy. That's a story newspaper companies would rather not see in the headlines.
Fool contributor Brian Gorman is a freelance writer living in Chicago, Ill. He does not own shares of any companies mentioned here.