Tribune Co.

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Tribune Co. examiner asks for extension

The independent examiner charged with investigating claims of “fraudulent conveyance” in the Tribune Co. bankruptcy case asked Wednesday for a 15-day extension for filing his report.

That would likely delay a set of confirmation hearings in the case scheduled for Aug. 16 in the U.S. Bankruptcy Court in Delaware.

“The examiner’s request…is not unexpected,” Tribune Co. said in a statement. “Although it may delay our confirmation hearing for a short period of time, we are supportive of the request in the interest of enabling the examiner to do a thorough and complete review.”
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Tribune Co. TV licenses face new opposition

From the Wall Street Journal | The owner of a small newspaper in Connecticut has joined the chorus in opposition to Tribune Co. transferring its FCC licenses to the reorganized company when it emerges from Chapter 11.  Tribune  owns The Hartford Courant and is seeking to hang onto two TV stations  in the same market.

Lenders to question Zell on Tribune buyout

From Bloomberg News | Lenders owed $1.6 billion will question Sam Zell under oath June 28 on the 2007 leveraged buyout he led of Tribune Co. The lenders, with a lower payment priority, oppose the reorganization plan filed with Bankruptcy Court.