Tribune Unit Guards Claim Against MediaNews Owner

Law360, New York (March 1, 2010, 3:45 PM EST) -- GreenCo Inc., an affiliate of bankrupt newspaper operator The Tribune Co., has asked a bankruptcy court not to approve Affiliated Media Inc.'s prepackaged bankruptcy plan without affirming that it won't affect GreenCo's $8.4 million claim related to an option agreement between the companies.

According to a limited objection GreenCo filed Friday in the U.S. Bankruptcy Court for the District of Delaware, GreenCo paid Affiliated, the holding company for MediaNews Group, $2.4 million in 1998 for the option of purchasing the L.A. Daily News and other assets....
To view the full article, register now.