Tribune bondholders protest license transfer

Posted June 15, 2010 at 11:42 a.m.

From Bloomberg | In an objection filed with U.S. regulators, Tribune Co. bondholders said the bankrupt newspaper company should be prevented from reassigning its broadcasting licenses to the lenders who financed Tribune Co.’s 2007 buyout. Under the plan, bondholders owed about $1.2 billion would be paid nothing, while the lenders would get more than 90 percent of Tribune Co.


 

Comments are closed.