July 27, 2012
Looking to finance its imminent exit from bankruptcy, Tribune Co. asked a Delaware bankruptcy judge Friday to approve a payment of up to $225,000 to Bank of America NA and Merrill Lynch Pierce Fenner & Smith Inc. as the first step toward securing a proposed $300 million credit facility.
July 24, 2012
Bondholder Aurelius Capital Management LP on Monday appealed a Delaware bankruptcy judge's approval of Tribune Co.'s reorganization plan, targeting the critical settlement that let bank lenders off the hook for the ill-fated 2007 leveraged buyout of the media giant.
July 11, 2012
A Delaware bankruptcy judge said Wednesday he would issue his decision on Tribune Co.'s reorganization plan by the end of the week, hinting that the media giant would be cleared to end its marathon stint in Chapter 11.
June 08, 2012
After concluding a pivotal hearing Friday, the fate of Tribune Co.'s hard-fought reorganization plan lies with a Delaware bankruptcy judge who said he hoped to reach a decision next month.
May 29, 2012
Attorneys for the bankrupt Tribune Co. told a Delaware court Tuesday that they've made progress addressing creditors' concerns about the media giant's $7 billion reorganization plan but will still require next week's scheduled confirmation hearing to resolve some of these objections.
May 21, 2012
A company owned by billionaire Sam Zell, the architect of the disastrous 2007 leveraged buyout of Tribune Co., complained on Monday that its $225 million claim has been unfairly relegated to the back of line to be repaid in the media giant's bankruptcy.
May 04, 2012
Bankrupt media giant Tribune Co. won a Delaware bankruptcy judge's permission Friday to dole out up to $45 million in bonuses to its managers and top executives this year if they surpass certain financial benchmarks.
April 16, 2012
A Delaware bankruptcy judge on Monday approved a set of additional disclosures on Tribune Co.'s amended reorganization plan, clearing the media giant to solicit votes on the $7 billion plan from creditors affected by recent rulings in the case.
April 10, 2012
A Delaware bankruptcy judge tied up an important loose end in Tribune Co.'s bankruptcy on Monday, issuing an opinion on how recoveries under the media giant's reorganization plan and proceeds from associated lawsuits will be split between junior creditors.
March 06, 2012
Tribune Co.'s junior creditors sparred in Delaware bankruptcy court Tuesday over how recoveries under the media giant's reorganization plan and proceeds from associated lawsuits should be split.