Nearly three years after filing for Chapter 11, the Chicago-based Tribune Co. is finally on the verge of exiting bankruptcy. According to the New York Post, a Delaware bankruptcy judge is expected to rule “within days” on a plan to give ownership of the company to its senior creditors, JPMorgan Chase, Angelo, Gordon & Co. and Oaktree Capital Management.
The Tribune Co., which owns numerous TV and radio stations as well as a newspaper division that publishes the Chicago Tribune and Los Angeles Times, could be facing a possible breakup as it comes under new ownership.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
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