Sam Zell Officially at the Bottom of Tribune Creditor List
Not sure if this is a score for the little guys, or just a big FU to the big guy, but either way we feel pretty good about it. U.S. Bankruptcy Judge Kevin Carey ruled this week that Sam Zell is officially last on the Tribune Company’s list of creditors as it emerges from Chapter 11 status–behind $759 million worth of claims from other holders of “Phones” notes.
From the Wall Street Journal:
Mr. Zell put only $315 million of his own money at risk in the deal.
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