Twenty-two months after filing for bankruptcy, Tribune may finally be one step closer to a reorganization that will take the company out of it. The financially troubled TV and newspaper owner announced Tuesday (Sept. 28) that it reached agreement with two of its largest creditors, Oaktree Capital Management, L.P. and Angelo, Gordon & Co., L.P. to settle some claims related to the 2007 going private transaction. Other claims would be placed in a special litigation trust.
The settlement follows court-ordered mediation requested by Tribune and overseen by U.S.
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