Dispute Over Who Will Reorganize The Tribune Co.

A large group of investment funds have gone into bankruptcy court challenging the right of Tribune Company management to file an exclusive plan to control the company’s reorganization.   The Chicago Tribune  reports that the funds hold $4.4 billion of Tribune’s $8.6 billion debt.   Among Tribune’s holdings are The Los Angeles Times, The Chicago Tribune, WPIX-TV in New York, KTLA-TV, Los Angeles and WGN-TV, Chicago.

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