Tribune Company Has Spent $135 Million on Bankruptcy, Creditors Allowed to Sue Sam Zell

The Tribune Company submitted a new proposal to exit Chapter 11 protection on Friday, and some mighty interesting factoids were revealed in the filing. Among other tidbits, it was revealed the Tribune Company has spent $135 million in bankruptcy-related fees.

Hmmmm, wonder how many LA Times staff positions can you save with $135 million…

Also decided on Friday, bankruptcy judge Kevin Carey said he would allow creditors to sue Sam Zell, Tribune executives, advisers and, reports the Chicago Tribune, “other architects of the ill-fated leveraged buyout after Tribune Co.

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