Tribune Bankruptcy *UPDATE
The lenders involved with the Tribune Company bankruptcy are meeting with the bankruptcy court this morning proposing their own plan to resolve this case. The lenders are opposed to dragging the bankruptcy out till May 31st, 2010 as per Tribune’s request.
Tribune Company filed for bankruptcy on December 8th, 2008, and was granted one extension this year.
If the banks plan is approved, will this mean the company will be broken up to satisfy the creditors, is everyone’s question?
There should be news from Chicago sometime soon. *UPDATE:
Tribune gets 10 more weeks for exclusive plan
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.