News

Tribune seen nearing bankruptcy conclusion - Chicago Tribune

06/07/12

... with Cross & Simon who represented unions in the bankruptcy. Tribune's business is on a bit of an upswing. In February, investment bank Lazard estimated the company was worth $7.372 billion as its broadcasting business continues to increase ...

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Tribune seen nearing bankruptcy conclusion - The Guardian

06/07/12

Ending its bankruptcy will not end the litigation stemming from the buyout. The company's creditors are trying to increase their potential recovery by suing those who had a role in the buyout but who did not contribute to the settlement. That includes the ...

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Schilling's co. files for bankruptcy; feds probing - YAHOO!

06/07/12

Its sister operation in Baltimore also filed for bankruptcy. The Rhode Island company owes $150.7 million and listed its assets at $21.7 million, according to court filings. 38 Studios Baltimore owes more than $121.4 million and has assets of more than $ ...

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R.I. gov: 38 Studios bankruptcy ‘best of bad situation’ - Boston Herald

06/07/12

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.

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Tribune seen nearing bankruptcy conclusion - Reuters UK

06/07/12

Less than a year after the deal closed, the company filed for bankruptcy, and noteholders have blamed Zell and the buyout for their losses. The bankruptcy plan would turn over ownership to holders of the company's loans, a group that is led by ...

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Tribune seen nearing bankruptcy conclusion - Reuters

06/07/12

WILMINGTON, Del., June 7 (Reuters) - Tribune Co's long bankruptcy entered what is expected to be the final stage on Thursday, although the media company still faces months of regulatory clearances to transfer broadcast licenses to new owners.

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Tribune seen nearing bankruptcy conclusion - Reuters

06/07/12

Less than a year after the deal closed, the company filed for bankruptcy, and noteholders have blamed Zell and the buyout for their losses. The bankruptcy plan would turn over ownership to holders of the company's loans, a group that is led by ...

[more]

Bankruptcy judge begins hearing on Tribune plan - San Francisco Gate

06/07/12

A federal bankruptcy judge in Delaware is reviewing Tribune Co.'s latest proposal to emerge from Chapter 11 protection. An attorney for Tribune told the judge at a hearing Thursday that the latest plan addresses most of the concerns raised by ...

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Tribune seen nearing bankruptcy conclusion - Reuters

06/07/12

WILMINGTON, Del., June 7 (Reuters) - Tribune Co's long bankruptcy entered what is expected to be the final stage on Thursday, although the media company still faces months of regulatory clearances to transfer broadcast licenses to new owners.

[more]

38 Studios files for bankruptcy - gamesindustry.biz

06/07/12

38 Studios has filed for Chapter 7 bankruptcy protection with its three subsidiaries; they have ceased operations and will be liquidated. Furthermore, federal and state officials began a formal investigation into Curt Schilling's game company.

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