Tribune Bankruptcy Plan ‘Dead on Arrival’

April 13, 2010  |  

(Chicago Sun Times)  Lenders who say they are owed more than $3.6 billion by Tribune Co. are calling a purported global settlement that the media company announced last week “dead on arrival.”

The creditors, who had lent the money under a 2007 secured credit agreement, said in a court filing Monday that the announcement of the deal was premature and misleading.

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