Tribune Co Asks Bankruptcy Court For Permission To Pay Bonuses
On Wednesday the LA Times’ parent company Tribune Co. has filed a request with the bankruptcy court to pay millions of dollars in bonuses to managers and other “key employees.” Phil Rosenthal reports for the Chicago Tribune:
If Tribune Co. and its various units meet their cash flow targets for this year, the total bonus payouts would be at least $21.5 million with a cap of around $66.7 million if those goals are greatly exceeded, documents showed.
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