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Thursday, April 26, 2012

Information on the Tribune Company Bankruptcy



Tribune Company (Creditors' Committee)
Welcome to the Tribune Company, et al. Chapter 11 Official Creditors' Committee Information Website.
Main Debtor: Tribune Company - Case No. 08-13141 (KJC)
List of Debtors: Click here to view a list of the affiliate Debtors.
Filing Date: December 8, 2008
Bankruptcy Court: The United States Bankruptcy Court for District of Delaware (www.deb.uscourts.gov)
CONFIRMATION:

On October 31, 2011, the Bankruptcy Court entered an Order denying confirmation (the "Confirmation Opinion") of each of the two competing plans of reorganization for the Debtors: the Second Amended Joint Plan of Reorganization for the Debtors Proposed by the Debtors, the Official Committee of Unsecured Creditors, Oaktree Capital Management, L.P., Angelo, Gordon & Co., L.P., and JPMorgan Chase Bank N.A. (as modified April 26, 2011) (the “Second Amended DCL Plan”) and the Third Amended Joint Plan of Reorganization for Tribune Company and its Subsidiaries Proposed by Aurelius Capital Management, LP, on Behalf of its Managed Entities, Deutsche Bank Trust Company Americas, in its Capacity as Successor Indenture Trustee for Certain Series of Senior Notes, Law Debenture Trust Company of New York, in its Capacity as Successor Indenture Trustee for Certain Series of Senior Notes, and Wilmington Trust Company, in its Capacity as Successor Indenture Trustee for the PHONES Notes (the “Noteholder Plan”).

On Friday, November 18, 2011, the Debtors, the Official Committee of Unsecured Creditors, Oaktree Capital Management, L.P., Angelo, Gordon & Co., L.P., and JPMorgan Chase Bank N.A. (the “DCL Plan Proponents”) filed the Third Amended Joint Plan of Reorganization For Tribune Company and Its Subsidiaries (the “Third Amended DCL Plan”), together with a supplement to the previously-approved disclosures respecting the Second Amended DCL Plan (the “Supplemental Disclosure Document"), which describes the modifications reflected in the Third Amended DCL Plan that were made to address the issues identified in the Confirmation Opinion as preventing confirmation of the Plan.

Notice will be provided to creditors and parties in interest once the Bankruptcy Court schedules the date and time for the hearing to consider approval of the Supplemental Disclosure Document and establishment of procedures for certain creditors affected by the modifications reflected in the Third Amended DCL Plan to re-vote on and make elections under such Plan.

Please click for links to the Confirmation Opinion and related order, the Third Amended DCL Plan, the Noteholder Plan, the Supplemental Disclosure Documents, and other confirmation related documents.
EXAMINER'S REPORT FILED:

Please note that the statements and opinions expressed in the Examiner's report filed with the Bankruptcy Court and available on this Web Site are solely those of the Examiner, and neither the Debtors, the Creditors' Committee nor any of their affiliates make any representations or warranties, expressed or implied, or assume any legal liability or responsibility, for the veracity or completeness of the statements contained therein. The Debtors’ views with respect to the LBO-Related Causes of Action may be found in Article VII of the Disclosure Statement click here; however, it should be noted that such views are solely those of the Debtors and do not represent the opinions or views of the Creditors' Committee or its members. To access a copy of the Examiner’s Report, Exhibits to Report or Transcripts, click on the links below:


  • Volume 1 - Summary of Principal Conclusions, Overview and Conduct of the Examination, and Factual Background
  • Volume 2 - Findings and Conclusions Concerning Questions One
  • Volume 3 - Findings and Conclusions Concerning Questions Two and Three
  • Volume 4 - Glossary of Defined Terms
  • Exhibits to Report
  • Transcripts
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