WILMINGTON, Del. — A federal judge in Delaware is close to deciding whether Tribune Co. can emerge from Chapter 11 bankruptcy protection. The judge indicated after a hearing Friday that he would rule on the media conglomerate’s latest reorganization plan ...

Tagged with: Bankruptcy chapter 11 JPMorgan Chase reorganization sam zell tribune

WILMINGTON, Del. — Tribune Co. creditors are arguing over how recoveries under Tribune’s proposed reorganization plan should be allocated. Many of the arguments at hearing that began Monday revolve around what standing certain junior bondholders have in sharing in any ...

Tagged with: Bankruptcy delaware reorganization sam zell tribune wilmington

WILMINGTON, Del. — Tribune Co., whose plan to exit bankruptcy was rejected by a judge late Monday, will file a new proposal by Nov. 22, Chief Restructuring Officer Don Liebentritt said Tuesday in a note to employees. Tribune, owner of ...

Tagged with: Aurelius Capital Management Baltimore Sun Bankruptcy bankruptcy court buyout chicago tribune fraud los angeles times media newspapers sam zell tribune co.

WILMINGTON, Del. — An attorney for billionaire developer Sam Zell, who engineered a buyout that left Tribune Co. saddled with debt, says proposals to reorganize the media company’s finances aren’t fair to his client. Attorney David Bradford says the proposals ...

Tagged with: Baltimore Sun Bankruptcy debt delaware lawsuits reorganization sam zell tribune tribune company wilmington

WILMINGTON, Del. — A Delaware bankruptcy judge has resumed a hearing to determine whether he should approve Tribune Co.’s proposed reorganization plan. Tribune owns the Chicago Tribune, Los Angeles Times, other newspapers and several radio and TV stations. It sought ...

Tagged with: Baltimore Sun Bankruptcy bankruptcy judge chicago tribune debt delaware JPMorgan Chase los angeles times newspaper radio sam zell tribune company wilmington