The publisher and CEO of the Los Angeles Times says it’s important that the Tribune Co. emerge from bankruptcy protection as soon as possible.
Eddy Hartenstein, also a co-president of Tribune Co., testified Monday that the cloud of bankruptcy is hurting Tribune’s ability to keep and attract employees and to forge partnerships to help it compete in the rapidly-changing media industry.
Hartenstein was the final Tribune witness in a hearing to determine whether a Delaware judge will approve the company’s reorganization plan. Noteholders who have submitted their own plan will present their case later. Get the full story »