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Tribune is getting closer to emerging from bankruptcy. The embattled newspaper and TV owner Tuesday (Oct. 12) announced an agreement on a reorganization plan with more of its senior lenders and unsecured creditors.
The agreement reached by Tribune’s Official Committee of Unsecured Creditors, Oaktree Capital Management, L.P., Angelo, Gordon & Co., L.P., and JPMorgan Chase Bank, N.A. expands on the previously announced settlement late in September with Oaktree and Angelo Gordon.
Tribune plans to file a reorganization plan and disclosure statement incorporating both settlements with the U.S.
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