Tribune Creditors Try Last-Ditch Mediation Effort

Law360, New York (April 6, 2011, 3:14 PM EDT) -- The rival creditor factions in Tribune Co.’s bankruptcy will take one last go at mediation Monday in Delaware in an attempt to end their protracted fight over which of two competing plans will more fairly reorganize the media giant.

Bankruptcy Judge Kevin Gross, who has presided over numerous failed mediation efforts in the case, requested the last-ditch session after informal discussions with the parties during the three-week break in plan confirmation hearings, Judge Kevin J. Carey said Tuesday at a telephonic hearing in the U.S. Bankruptcy...
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