Chicago Tribune gets a facelift, financial future still a concern

Chicago Business reports that a redesigned version of the Chicago Tribune will make its debut on Sept. 29. While several possible prototypes have recently been leaked, a spokesperson for the Tribune said that "anything you are seeing at this stage is nothing more than, at best, a work in progress." 

Analysts warn, however, that a new version of the Tribune may not help the already struggling company that has cut 900 jobs since last December. One analyst noted that "recent efforts to polish the paper or slim down its staff haven't done anything to buff up the media company's financial outlook." Chicago-based Dave Novosel of Gimme Credit LLC also sees little hope: "While we do not feel bankruptcy is imminent, it is hard to envision a catalyst that will drive these bonds higher." 

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