Warring Factions in Tribune Bankruptcy Plan

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Two warring factions are filing motions in relation to Tribune Co’s application for approval of its reorganization plan. Firstly, the unsecured lenders of the media conglomerate who supplied $1.6 billion in financing for its 2007 leveraged buyout (LBO) are making claims related to the LBO. Secondly, Tribune Co. themselves who have submitted their reorganization plan to bankruptcy court judge Kevin Carey for confirmation.

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