Lenders Fight Tribune's Latest Exclusivity Attempt

Law360, New York (May 14, 2010, 1:10 PM EDT) -- Credit agreement lenders in the Tribune Co. bankruptcy are again fighting the media giant's request to extend its period of exclusivity for submitting a Chapter 11 plan of reorganization, saying another extension will be a waste of time and resources.

The group of lenders lodged its objection in the U.S. Bankruptcy Court for the District of Delaware on Thursday, saying it remains “ready, willing and able” to propose its own plan for Tribune when the current exclusivity period ends Aug. 8.

Thursday's objection marks the fourth...
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