Tribune asked the FCC to “take all steps to act...
Tribune asked the FCC to “take all steps to act expeditiously” on the company’s applications “to allow Tribune to exit bankruptcy as soon as possible.” The agency’s non-binding 180-day clock remains at day 74 on the request to transfer station…
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licenses as part of exiting Chapter 11 (http://xrl.us/bmf3e6). The plan is the only one before a U.S. bankruptcy court judge, and “the Company believes the plan is clearly confirmable” and the court will OK it, said a filing posted Monday to docket 10-104 (http://xrl.us/bnbkjj): “This would provide the Commission with the necessary court authorization to proceed with its final review and action.” Those meeting with Chief Bill Lake and others in the Media Bureau included Chief Restructuring Officer Don Liebentritt, Tribune Broadcasting President Nils Larsen, former FCC Chairman Richard Wiley, representing creditor JPMorgan Chase, and another lawyer for the station owner and daily newspaper publisher’s unsecured creditor committee.