Creditor Vote Sets 2-Plan Race In Tribune Ch. 11

Law360, New York (February 14, 2011, 5:55 PM EST) -- The Tribune Co.'s creditors have finished voting on the two competing reorganization plans that remain in the media giant's bankruptcy — with both plans receiving enough support to be considered at an upcoming confirmation hearing. 

Tribune announced Friday that its plan was “overwhelmingly approved” by a majority of its creditors in voting results filed with the U.S. Bankruptcy Court for the District of Delaware. It was supported by senior lenders JP Morgan Chase Bank NA, Oaktree Capital Management LP and Angelo Gordon & Co. LP, as...
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