Tribune Co.

Tribune Bankruptcy Bill Hits $231 Million

Lindsy Embree — Tue, 31 Jan 2012 12:58:38 -0500

Full article: JimRomenesko.com
Jim Romenesko
Tribune's monthly operating report filed with the bankruptcy court last week says the company's bill for professional fees since its 2008 Chapter 11 filing now totals $212.9 million, with another $17.8 million on lawyers' expenses.

Ultimate Grave Dance? Ruling Could Help Zell Recoup Part of Tribune Investment

Lindsy Embree — Wed, 09 Nov 2011 12:11:02 -0500

Full article: New York Times
David Carr
According to a recent report, Sam Zell, the architect of a deal that left the Tribune Company in bankruptcy with $13 billion in debt, may now be in line to recoup some of his initial $315 million investment because of a judge’s ruling on another class of debtor.

Judge Rejects Both Tribune Bankruptcy Exit Plans

Lindsy Embree — Tue, 01 Nov 2011 10:24:57 -0400

Full article: Los Angeles Times
Michael Oneal, Jerry Hirsch and Walter Hamilton
The judge in Tribune Co.'s bankruptcy case rejected two competing plans for reorganizing the company, leaving the Chapter 11 proceeding unresolved after nearly three contentious years in court.

Tribune Co. Seeks Approval for Management Incentive Plan

Stevie Converse — Thu, 01 Sep 2011 11:20:22 -0400

Full article: Chicago Tribune
Michael O'Neal
Tribune Co. asked the judge in its bankruptcy case for authority to pay management bonuses for 2011 ranging from $16.4 million to $42.5 million, despite declining performance at the Chicago-based media conglomerate.

Former Tribune, Times Mirror Executives, Editors Sue Shareholders

Lindsy Embree — Fri, 03 Jun 2011 11:03:06 -0400

Full article: Washington Post
Peter Whoriskey
A group of former publishers, executives and editors of the Tribune Co. and Times Mirror Co. filed suit against major shareholders who benefited from the $8.2 billion takeover of the media conglomerate.

Tribune Shareholders that Sold to Zell Could Lose Billions

Stevie Converse — Wed, 20 Apr 2011 10:20:34 -0400

Full article: Media Post
Erik Sass
What originally looked like an outside chance bargaining maneuver is coming closer to reality in the never-ending saga of the Tribune Co. bankruptcy, as the one group of clear winners -- the former shareholders who sold their stakes in the company to Sam Zell in 2007 -- now stand to lose billions from these payouts.

At Tribune, Battle Expands

Stevie Converse — Tue, 19 Apr 2011 09:37:14 -0400

Full article: Wall Street Journal
Sam Zell's top-of-the-market buyout of Tribune Co. cashed out shareholders about a year before the media company tumbled into bankruptcy protection. Now, those former holders are bracing for a possible barrage of litigation aimed at clawing back more than $8 billion in payouts. If successful, any litigation would represent an unprecedented legal development, some lawyers say.

Tribune Creditors Propose Revised Bankruptcy Plan

Lindsy Embree — Wed, 30 Mar 2011 09:01:27 -0400

Full article: Reuters
Dena Aubin
Tribune Co. bondholders filed a revised bankruptcy reorganization plan for the media company, hoping to overcome objections by senior creditors.

Billionaire Sam Zell Fights to Avoid Legal Claims over Tribune Buyout

Lindsy Embree — Fri, 25 Mar 2011 09:24:06 -0400

Full article: Bloomberg News
Steven Church
Tribune Co. Chairman Sam Zell is battling to avoid legal liability for leading what he called "the deal from hell," the $8.2 billion buyout of the bankrupt newspaper and television company.

Tribune Bankruptcy Confirmation Hearing Begins

Lindsy Embree — Tue, 08 Mar 2011 10:28:57 -0500

Full article: Los Angeles Times
Michael Oneal
The warring creditors in Tribune Co.'s bankruptcy case fired their opening shots in a court hearing aimed at resolving a case that one lawyer said had come to resemble "water torture."