Tribune Will Emerge From Bankruptcy Protection Today

TribuneThe biggest media industry bankruptcy ever will end today after four years with Tribune’s chief creditors — Oaktree Capital Management, Angelo, Gordon & Co. and JPMorgan Chase & Co – empowered to run the Chicago based broadcasting and newspaper power. … Read More »

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Tribune Tells Bankruptcy Court That It Has A Plan To Finally Stand On Its Own

It’s been nearly three years since real estate magnate Sam Zell drove Tribune to seek bankruptcy protection — the result of his disastrous $8.2B leveraged buyout transactions in 2007. But the broadcasting, publishing and Internet power says its days in the penalty … Read More »

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Forget Eisner: Now It’s Chernin To Tribune? UPDATE: Odds Of It “Way Below 20%”

UPDATE 1:30 PM: I’ve now had time to do some reporting of my own to put perspective on the Wall Street Journal‘s — and this idea of Peter Chernin taking over Tribune Co is a real longshot. Insiders … Read More »

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Tribune Preps Bankruptcy Escape Plan

Is Michael Eisner still interested in the top Tribune job? What will happen to all of the stations? Those are the pressing questions now that Tribune has supposedly found a way out of Chapter 11. The company and many of its creditors announced a settlement after many of the lenders were holding out. Tribune said it … Read More »

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