Tribune Decides Not To File New Reorganization Plan Today
August 27, 2010 at 5:25 PM (PT)
TRIBUNE CO. decided not to file a new reorganization plan with U,S. Bankruptcy Court in DELAWARE TODAY (8/27) as previously scheduled. An e-mail from CEO RANDY MICHAELS to staff said that the company continues to negotiate with creditors but would not be amending its plan "at the present time."
TRIBUNE attorney JAMES CONLAN had told Judge KEVIN CAREY last week that the company would file an amended plan TODAY after talks with senior lenders collapsed.