Inside these posts: Media bankruptcy

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Exec says Tribune Co. needs quick Chaper 11 exit

Eddy Hartenstein in 2008. (Anne Cusack/Los Angeles Times)

The publisher and CEO of the Los Angeles Times says it’s important that the Tribune Co. emerge from bankruptcy protection as soon as possible.

Eddy Hartenstein, also a co-president of Tribune Co., testified Monday that the cloud of bankruptcy is hurting Tribune’s ability to keep and attract employees and to forge partnerships to help it compete in the rapidly-changing media industry.

Hartenstein was the final Tribune witness in a hearing to determine whether a Delaware judge will approve the company’s reorganization plan. Noteholders who have submitted their own plan will present their case later. Get the full story »

Resolution hearing opens in Tribune Co. bankruptcy

WILMINGTON, Del. – The warring creditors in Tribune Co.’s bankruptcy case provided few surprises Monday as they fired their opening shots in litigation aimed at resolving a case that one lawyer said had come to resemble “water torture.” Get the full story »

Tribune creditor seeks details on Morgan holdings

Wall Street Journal | Creditor Aurelius Capital Management has amped up its opposition to the Tribune Co.’s Chapter 11 plan, demanding a full accounting of the media holdings of JP Morgan’s media holdings.