WILMINGTON, Del. (AP) – The chief financial officer for the Tribune Co. says the media company is working on a business plan that will help it emerge from bankruptcy.
Chandler Bigelow III told a bankruptcy trustee and creditors at hearing Friday in Delaware that the newspaper and television station owner will provide details about the business purposes of more than 100 Tribune entities involved in its bankruptcy filing.
He says the company is focused on restructuring its balance sheet and creating a platform that will allow it to continue its businesses.
Bigelow and Tribune attorneys were also questioned about why one of two solvency opinions connected to a leveraged buyout that took the company private was never made public.
AP-ES-01-16-09 1332EST
Send questions/comments to the editors.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.