US Trustee Moves To Block Latest Tribune Bonus Plan

Law360, New York (June 10, 2010, 7:09 PM EDT) -- The U.S. trustee on Thursday criticized The Tribune Co.'s efforts to pay roughly $21 million in bonuses to its managers and other key employees, saying the bankrupt media giant should not be allowed to give out more bonuses while seeking to confirm a plan that leaves several creditor classes empty-handed.

U.S. Trustee Roberta A. DeAngelis objected to Tribune's $10.6 million transition management incentive program for 21 managers plus a discretionary $1.3 million for 50 other employees, along with a key operators bonus of $9.3 million for...
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