March 07, 2013
Terminated Tribune Co. executives on Wednesday asked a Delaware bankruptcy judge to reject a bid by the litigation trustee to take control of clawback suits targeting $46 million they received as compensation, saying the actions rightfully belong to the now-reorganized company.
March 04, 2013
Two trustees for Tribune Co. bondholders asked a Delaware bankruptcy judge Friday for a total of $13.2 million in reimbursement, each trumpeting that their calls for investigation into the media giant's catastrophic leveraged buyout resulted in greatly improved recoveries for creditors.
January 17, 2013
An attorney for Tribune Co. told a Delaware bankruptcy judge Wednesday that the recently reorganized media giant intends to toss the lion's share of clawback suits launched against its executives once it is assigned them.
November 16, 2012
The Federal Communications Commission cleared Tribune Co. on Friday to transfer its broadcast licenses to new ownership, removing the final obstacle to the media giant's exit from a four-year stint in bankruptcy.
September 28, 2012
Tribune Co. said Friday that the bankruptcy examiner who investigated the disastrous 2007 leveraged buyout of the media giant should not be released from his duty to retain records from the probe, citing the potential need for the documents in looming litigation over the buyout.
September 13, 2012
The former examiner to the Tribune Co. bankruptcy asked a Delaware bankruptcy judge Thursday to deny a company executive's request to extend the retention period for documents from his investigative record, arguing that doing so would expose him to unnecessary harassment.
September 10, 2012
Junior creditors of Tribune Co., including Aurelius Capital Management LP, that are challenging a bankruptcy court's demand that they post a $1.5 billion bond to stay the media giant's restructuring for an appeal can't contest the order in an appeals court, the Third Circuit said Monday.
August 22, 2012
A Delaware bankruptcy judge on Wednesday agreed to stay the implementation of Tribune Co.'s Chapter 11 reorganization plan pending an appeal of the plan's key settlement with senior lenders, provided the junior creditors opposing the deal put up a bond of $1.5 billion.
August 17, 2012
Tribune Co. on Friday clashed with junior creditors seeking to delay the implementation of its reorganization plan pending an appeal of the plan's key settlement with senior lenders, saying the media giant cannot afford to languish in Chapter 11 any longer.
August 06, 2012
A Delaware bankruptcy judge on Monday signed off on Tribune Co.'s proposed $225,000 payment to Bank of America NA and Merrill Lynch Pierce Fenner & Smith Inc. as the first step toward securing a $300 million credit facility.