Monday, December 22, 2008
JOUR M02 Writing and Reporting for the Media: Creditors Picked in Tribune Filing
From the Chicago Tribune:
Tribune Co.'s official committee of unsecured creditors will include Wall Street banks and the Pension Benefit Guaranty Corp.
JPMorgan Chase Bank NA, Merrill Lynch Capital Corp. and Deutsche Bank National Trust also won seats on the eight-member committee of unsecured creditors, which represents the interest of all holding debt not backed by collateral.
Tribune Co., the Chicago-based owner of the Chicago Tribune, filed for bankruptcy Dec. 8, less than a year after real estate billionaire Sam Zell took it private as an employee-owned company in an $8.3 billion deal that saddled it with debt. Most of the company's $13 billion in debt isn't guaranteed by Tribune Co.'s newspapers and broadcasting stations.
> Newspaper Guild Local Named to Creditor Committee in Tribune Bankruptcy Filing
> Sun-Times Media Group: We'll Return to Profitability At A 'Fraction' Of Size
JOUR M02 Writing and Reporting for the Media: Creditors Picked in Tribune Filing
No comments:
Post a Comment
For now, we're opening this blog to Anonymous comments. This will continue as long as civility rules. Disagree as you may, just keep it clean and stay on topic. No profanity, and no name calling. We reserve the right to moderate such comments, though the person who made it may come back and reword their message in a more civil way.