Tribune Co-President Says Noteholder Plan Will ‘Scare’ Partners
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If Tribune Co.’s noteholders win permission to reorganize the bankrupt publisher, they will “scare away” potential business partners, company co-President Eddy Hartenstein said.
The noteholders’ plan would put as much as 65 percent of the company’s stock in a trust overseen by a court until a lawsuit related to Tribune’s 2007 leveraged buyout was resolved, according to court documents.