Tribune exits bankruptcy with new TV-focused board

FILE - This Tuesday, Aug. 21, 2007, file photo, shows the Chicago Tribune building,i n Chicago. Tribune Co. emerged from a Chapter 11 restructuring Monday, Dec. 31, 2012, more than four years after the media company sought bankruptcy protection. The reorganized company is starting with a new board of directors and new ownership that includes senior creditors Oaktree Capital Management, Angelo, Gordon and Co., and JPMorgan Chase and Co. (AP Photo/M. Spencer Green, File)CHICAGO (AP) — More than four years after crushing debt and plunging advertising sales forced it to file for Chapter 11 bankruptcy protection, Tribune Co. has emerged with a new television-focused board and over $1 billion in new financing.

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Tribune exits bankruptcy with new TV-focused board

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