Thursday, 21 August 2014
Last updated 7 hours ago
Jul 16 2012 | 11:46am ET
At long last, a federal court has approved a bankruptcy exit plan for the Tribune Co., which hands the newspaper publisher to a group of lenders led by two hedge funds.
U.S. Bankruptcy Judge Kevin Carey in Wilmington, Del., who last year angrily rejected two bankruptcy plans, on Friday said he approve the most recent one, Tribune's fourth, pending a few revisions. In doing so, he rejected objections proffered by several creditors, including hedge fund Aurelius Capital Management.
The ruling allows Tribune, which owns 23 television stations in addition to the Chicago Tribune, Los Angeles Times and a number of other newspapers, to seek Federal Communications Commission approval for the transfer of its broadcast licenses. If that approval is gained—it could take several months—a group of creditors led by Oaktree Capital Management, Angelo Gordon & Co. and JPMorgan Chase will appoint a new seven-member Tribune board.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note