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And It’s Chicago By A Nose!
Chicago and the Tribune Co. have won the 2008 D.I.D. (Daily Insolvency Derby) by a nose, narrowly beating out Minneapolis and the Star Tribune. It was a close race all year long, with many lead changes. As of last Friday, it looked like Minneapolis had it won with a seemingly insurmountable lead heading down the stretch, but Chicago’s Tribune, jockeyed by Sam Zell, pulled ahead at the wire late today by declaring bankruptcy this afternoon. Post-race analysis will follow all week long.