Tribune Co Bankruptcy Case Gets Extension

bankruptcy-sign-21.jpgWhat’s a couple of weeks between “an increasingly belligerent set of senior and junior creditors?”

From the Chicago Tribune:

A U.S. Bankruptcy Court judge in Delaware on Thursday extended until March 31 Tribune Co.’s exclusive right to file a reorganization plan in its Chapter 11 case.

The extension gives Tribune Co. more time to try to forge a compromise between an increasingly belligerent set of senior and junior creditors representing close to $13 billion in claims against the Chicago-based media conglomerate.

Hat tip IWantMedia

Previously on FBLA:

  • Tribune Co Asks Bankruptcy Court For Permission To Pay Bonuses
  • Tribune Co. Out Of Bankruptcy In Six Months?
  • BREAKING: Tribune Files for Bankruptcy