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The subsequent 2008 bankruptcy of Tribune Company was the largest bankruptcy in the history of the American media industry. In December 2012 the Tribune Co. emerged from bankruptcy. [3] Tribune announced its sale to Hunt Valley, Maryland -based Sinclair Broadcast Group on May 8, 2017, but on August 9, 2018, Tribune cancelled the sale and sued ...
- 8,200 (2016)
- Bruce Karsh (Chairman), Peter Kern (Interim CEO)
Mar 7, 2022 · Tribune Avoidance Litigation. After the Chapter 11 filing, litigation ensued in the bankruptcy court and in multiple state courts. Tribune’s confirmed plan assigned the Tribune bankruptcy estate’s causes of action to a litigation trust and abandoned certain other claims that vested with the debtor at filing to its creditors.
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May 21, 2021 · Tribune said the deal received approval from 81 percent of non-Alden shares and is expected to close by Tuesday. The vote underscores the growing might of financial firms in a consolidating media ...
Feb 16, 2021 · On Tuesday, Tribune and Alden said the hedge fund would buy the remaining shares for $17.25 apiece, putting the company’s valuation at $630 million. The companies said they expected to close in ...
Dec 3, 2018 · Nexstar Media Group Inc has reached an agreement to acquire Tribune Media Co for about $4.1 billion, a deal which would make it the largest local U.S. TV station operator, people familiar with the ...
Aug 20, 2021 · A U.S. appeals court on Friday refused to resurrect fraud claims against shareholders involved in Tribune Co's disastrous $8.2 billion leveraged buyout, but revived claims against two banks that ...
Sep 23, 2021 · According to the Trustee, Tribune’s management possessed actual intent to defraud Tribune’s creditors in connection with the buy-back and such intent could be imputed to the Special Committee, thus permitting claw back of the monies paid by Tribune to its shareholders. Bankruptcy Code section 548(a)(1)(A) authorizes a trustee to claw back ...
