Skip to comments.Chicago's Tribune Co files reorganization plan
Posted on 10/23/2010 4:20:30 PM PDT by HK.Ibtimes
Tribune Co filed a reorganization plan late on Friday that will turn over control of the bankrupt newspaper publisher to its leading creditors including JPMorgan Chase & Co, Angelo Gordon & Co and Oaktree Capital Management.
The plan signals an important step toward the recovery of the media company -- which owns the Los Angeles Times and the Chicago Tribune -- from what Sam Zell, the real estate developer and architect of the 2007 leveraged buyout, called "the deal from hell."
(Excerpt) Read more at hken.ibtimes.com ...
Liberals think it should be free and conservatives would never waste money on it.
Couldn’t be related to Acorn, could it?
But, but, if they go outta biz, who’s gonna shill for hizonner??
In the future, please post your blog material in our bloggers forum.
Maybe they will sell for $1
Creditors have been in contact with media executives including Peter Chernin, former chief operating officer of News Corp, to become chairman, people familiar with the discussions said.
Is there any chance the new company will follow the News Corp model? Wouldn't that be a hoot?
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