Tribune Bondholders: Investigate Buyout

Sheahan, Matthew
August 2009
Mergers & Acquisitions Report;8/31/2009, Vol. 22 Issue 35, p24
The article reports on the request of the bondholders of Tribune Co., a bankrupt media firm, for an investigation into the company's buyout valued at 8.2 billion U.S. dollars. The bondholders have filed claims with the U.S. Bankruptcy Court in Delaware that the buyout has put the company on an inevitable path to bankruptcy. The bondholders of Tribune are requesting for a bankruptcy court judge to investigate the 2007 acquisition by real estate investor Sam Zell or appoint an investigator.


Related Articles

  • Tribune Bondholders Seek Investigation of Buyout. Sheahan, Matthew // High Yield Report;8/31/2009, Vol. 20 Issue 35, p11 

    The article focuses on a request from bondholders of bankrupt media giant Tribune Co. that the company's 8.2 billion U.S. dollar buyout be investigated. According to the company's filing with the U.S. Bankruptcy Court in Delaware, the buyout led the company to bankruptcy. A bankruptcy court...

  • IT HAS COST $231 MILLION-AND-COUNTING FOR TRIBUNE CO. TO GO BROKE.  // Media Industry Newsletter;7/23/2012, Vol. 65 Issue 29, p6 

    The article reports that media company Tribune Co. has already spent 231 million U.S. dollars since owner Sam Zell sought bankruptcy protection in the U.S.

  • Payback time at Tribune. MAREK, LYNNE // Crain's Chicago Business;11/1/2010, Vol. 33 Issue 44, p3 

    The article reports that Tribune Co.'s creditors committee will sue media company's executives, directors and lawyers, for the 8.2 billion dollars leveraged buyout, which lead the company to bankruptcy. It states that the unsecured creditors will assert that there were unjust enrichment to...

  • TRIBUNE TRAVAILS. Littleton, Cynthia // Daily Variety;12/9/2008, Vol. 301 Issue 46, p1 

    The article reports on the bankruptcy filed by the Tribune Co. which raised speculations that the company will focus on its TV assets and sell the Los Angeles Times and other newspapers. It features the chapter 11 bankruptcy petition filed by Tribune Co. which led to its privatization in a...

  • HERE IS WHY SAM ZELL IS AMONG "BUSINESSWEEK'S" 2008 "WORST MANAGERS.".  // Media Industry Newsletter;2/9/2009, Vol. 62 Issue 6, p2 

    The article reports that Sam Zell, chief executive officer of Tribune Co., is among "Businessweek's (BW)" 2008 worst managers. The realtor, who paid a highly leveraged $8.2 billion for the "Chicago Tribune/Los Angeles Times" parent in December 2007, made BW's Dirty Dozen because he went from...

  • It's all about rep now for Zell. Saphir, Ann // Crain's Chicago Business;12/15/2008, Vol. 31 Issue 50, p1 

    The article reports on the condition of Tribune Co. and the reputation of Sam Zell in Chicago, Illinois. According to the article, the company's bankruptcy filing affected Zell's rich potential upside, that he transacted when he managed the firm. In addition, Zell is desperately in need to...

  • Tribune Takeout: Untouched by Failed Sale. Loesser, Ernest // Mergers & Acquisitions Report;6/11/2007, Vol. 20 Issue 23, p1 

    The article reports on the impact of the unsuccessful sale of the newspapers of Tribune Co. to Gannett Co. on its pending buyout deal with Sam Zell. The company's spokesmen said that the unsuccessful sale of the newspapers will not affect the merger deal. Accordingly, Tribune would want to sell...

  • Staff raises hell vs. Zell. McNary, Dave // Daily Variety;9/17/2008, Vol. 300 Issue 52, p1 

    The article reports that the "Los Angeles" staffers has filed a lawsuit against Sam Zell, asking the court to throw out Zell from ownership of the Tribune Co. The plaintiffs alleged that Zell's leveraged buyout of the media giant is a scam. The suit also noted that of the $8.2 billion which he...

  • Trib insiders share bonus. LITTLETON, CYNTHIA // Daily Variety;4/9/2007, Vol. 295 Issue 5, p1 

    The article reports that a group of Tribune Co. insiders is expected to earn $6.5 million in cash bonuses if the $8.2 billion buyout deal reached during the first week of April 2007 with real estate mogul Sam Zell is completed. A U.S. Securities and Exchange Commission filing revealed plans for...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics