Deals
Tribune Delays New Reorganization Plan to Negotiate
This article is for subscribers only.
Tribune Co., the owner of the Los Angeles Times, decided not to file a new plan to exit bankruptcy because it is negotiating with creditors, Chief Executive Officer Randy Michaels told employees in an e-mail today.
The three-sentence note said the company would not amend its plan “at the present time.” Company spokesman Gary Weitman said the company wouldn’t comment further.