Tribune Co. Approaches Finish Line In Marathon Ch. 11

Law360, Wilmington (June 7, 2012, 10:19 PM EDT) -- Three and a half years after filing for bankruptcy in the wake of a disastrous leveraged buyout, Tribune Co. returned to court in Delaware on Thursday for the decisive hearing on its $7.3 billion reorganization plan.

Unlike the media giant’s last confirmation hearing, which was contested vigorously by noteholders backing a rival plan, the proposal faces little opposition. Creditors have lodged numerous objections seeking minor changes to the plan, but the company expects to address them quickly and conclude the hearing on Friday, Tribune attorney Jim...
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