News

After more than three years, the company, former owner of The Advocate and Greenwich Time, is in the final months of its bankruptcy case in Wilmington, Delaware. When it leaves court protection it will have new owners, including Tribune's senior lenders ...

Vitro, which has won approval for the bankruptcy plan in Mexico, is seeking an order from Hale enforcing the restructuring and stopping litigation by bondholders who have been fighting the plan in the U.S. and Mexico in an effort to collect on $ ...

Rhode Island lured 38 Studios from Massachusetts last year with a $75 million loan guarantee. Today’s bankruptcy filing notes that 38 Studios owes the Rhode Island Economic Development Corp. $115.9 million, including interest and other fees.

With US Airways proposing a merger for the American Airlines parent, and labor groups putting the screws on AMR to pursue the deal, AMR recently agreed - albeit begrudgingly - to explore consolidation options while it is still in Chapter 11 bankruptcy.

The owner of 23 television stations and publisher of the Chicago Tribune and Los Angeles Times asked a Delaware bankruptcy court to approve a reorganization plan to pay off creditors. The company failed a year ago in an attempt to end its Chapter 11 case ...