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Lenders, Not Zell, May Run Tribune Co.

By Harry Kimball, Newser Staff

Posted Jun 8, 2009 1:09 PM CDT

(Newser) – The bankrupt Tribune Company could emerge from protection with its top creditors—and not chairman Sam Zell—in charge, the Chicago Tribune reports. Zell exerts control based on $90 million he spent to secure the option of buying 40% of the company for $500 million,... Read full story »

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Lenders, Not Zell, May Run Tribune Co.

media • Sam Zell • Tribune Company • Citigroup • bankruptcy • debt • JPMorgan Chase • Chicago Tribune • newspaper industry • creditor • lenders

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