Tribune may make changes to media ownership waiver requests the...
Tribune may make changes to media ownership waiver requests the bankrupt broadcaster and newspaper owner has sought from the FCC to exit Chapter 11, the company said. Changes would reflect developments in the proceeding in U.S. Bankruptcy Court in Delaware,…
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representatives of Tribune and some major creditors told Media Bureau staff. The court plans a confirmation hearing May 16-17 on a revised reorganization plan, an ex parte filing from a Tribune lawyer said. “Certain pro forma applications would be filed by Tribune as part of the emergence from bankruptcy to accomplish intra-company reorganizations,” and those requests will “be coordinated with the Exit Applications” for the commission, Thursday’s filing said (http://xrl.us/bmpy3o). Posted in docket 10-104, it reported on a meeting that also included former FCC Chairman Richard Wiley, representing JPMorgan Chase, and an attorney for Angelo, Gordon & Co. and Oaktree Tribune. The bureau’s review of Tribune’s reorganization has been slowed by changes to the deal, and the commission’s merger review clock (http://xrl.us/bmf3e6) is paused (CD Oct 14 p).