Wednesday, November 25, 2009

Tribune lenders propose competing plan of reorganization

Debtholders of bankrupt Tribune Co (TRBCQ.PK) have asked a judge to deny the media company's request for more time to present a plan of reorganization so the lenders themselves can offer a plan, according to court filings.

Tribune Cos, owner of the Chicago Tribune and Los Angeles Times newspapers, have asked U.S. Bankruptcy Judge Kevin Carey to extend the time in which it can exclusively file a so-called Chapter 11 plan.

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