Tribune Co.'s No Good, Very Bad Week
Sam Zell is not going to be having the greatest Thanksgiving this year: not only has The New York Times enlisted some of his former Tribune Company employees to write the paper’s new Chicago edition, but the newspaper publisher’s request for an extension on its exclusive right to file a reorganization plan to lift the company from Chapter 11 is a being challenged by the company’s creditors, Editor & Publisher reports.
It’s been almost a year since Tribune filed for bankruptcy and it wants to maintain control over its reorganization plan, which it has yet to file to the court for approval.
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