Tribune Co Bankruptcy Case Gets Extension
What’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.
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