Tribune bankruptcy judge to write opinion on restructuring plan

U.S.

WILMINGTON, Del. — U.S.

A US judge has tentatively approved the reorganization plan of Tribune Co., allowing the owner of the Chicago Tribune, Los Angeles Times and other newspapers, to emerge from bankruptcy.US bankruptcy judge Kevin Carey said in an opinion Friday that the final plan is still "subject to submission of final revisions," after which he would confirm the plan.The plan would allow a group of hedge funds and banks based in Los Angeles and New York to take over the media company, which filed for bankruptcy protection in December 2008.

A US judge has rejected a rival pair of plans intended to bring the Tribune Co., owner of the Chicago Tribune, Los Angeles Times and other newspapers, out of bankruptcy.US bankruptcy judge Kevin Carey rejected the plans late Monday and ordered a hearing on the three-year-old case to be held in his courtroom in Wilmington, Delaware on November 22.The Tribune Co., which owns 23 television stations in addition to newspapers in Chicago, Los Angeles, Baltimore, Orlando and other cities, filed for Chapter 11 bankruptcy protection in December 2008.

(Reuters) - Tribune Co, the bankrupt publisher of the Chicago Tribune and Los Angeles Times, moved closer to ending its three-year bankru

In the Tribune Co.

U.S.

U.S. Bankruptcy Judge Kevin Carey extended confirmation hearings in Tribune Co.