Tribune Company Bankruptcy Status

With the Tribune Company bankruptcy scheduled to close this afternoon many Tribune employees are pondering the outcome of today’s proceedings? There are three possible outcomes today, the company will remain intact, the company will be broken up to satisfy the creditors, or the company will be given a third extension delaying the outcome of the bankruptcy.

What would be the best scenario for the workingmen and women of the Tribune Company? Probably keeping the company in bankruptcy till the end of the year.

The lawyers handling the bankruptcy would also enjoy the continuation of the bankruptcy as they have already racked up a whopping $138 million in legal fees from this cash cow called the Tribune Company.

News should be fourth coming within the next few hours.