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.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.