Liquidation

Sam Houston State University officials are protesting to a bankruptcy judge that the $1 million donation belonging to its library in Hunstville, Texas, is long overdue.

For months, college officials have pointed to the will of former biology professor James D. Long, who left that donation for neighboring Lon Morris College—his alma matter—when he died in March 2009.

Tribune Co. plans to split its publishing business and its broadcast arm, following in the footsteps of companies like News Corp ., The Wall Street Journal reports.

Five Mile Capital Partners LLC is accusing MSR Hotels & Resorts Inc. of using its Chapter 11 case to shield its directors from possible liability for their alleged misconduct and wants an independent trustee to take charge of the company. Read the Daily Bankruptcy Review article here.