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Tribune Monday (April 12) filed its reorganization plan with the U.S. States Bankruptcy Court for the District of Delaware. The plan, Tribune said in a press release, would “keep the company intact, sharply reduce its debt and provide it with sufficient liquidity to expand its business in the future.”
The company could emerge from bankruptcy later this year, once Tribune creditors and the Court approve the plan.
That may not go as smoothly as Tribune would like.
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