Katie Allison Granju: Tribune Company officially files for bankruptcy

International Herald Tribune (By way of Michael Silence): The New York Times Company plans to borrow up to $225 million against its mid-Manhattan headquarters building, to ease a potential cash flow squeeze as the company grapples with tighter credit and shrinking profits.

PREVIOUSLY: Editor & Publisher: Gannett is in the midst of perhaps the largest mass, chainwide layoffs (not just buyouts) in the history of the newspaper industry. Its paper in Nashville, The Tennessean, opened a story this afternoon: "Playing its part in one of the most dramatic mass layoffs in the history of the American news media, The Tennessean has eliminated some 70 jobs yesterday and today, including 20 to 25 positions in its newsroom. The cuts at the Nashville daily are among more than 900 that have come to light in the past 36 hours among Gannett Co. properties."

PREVIOUSLY: Jack McElroy: The E.W. Scripps Co., which owns the News Sentinel, announced it was putting the Rocky Mountain News, my previous employer in Denver, up for sale.

PREVIOUSLY: NYTimes.com: The McClatchy Company, burdened by debt and a steep slide in newspaper advertising, wants to sell one of its most-prized properties, The Miami Herald, according to people briefed on the company’s plans.