Arab Today, arab today us media conglomerate back in business after bankruptcy
Last Updated : GMT 21:50:13
Arab Today, arab today
Arab Today, arab today

Tribune Company receives $1.1bn loan

US media conglomerate back in business after bankruptcy

Arab Today, arab today

Arab Today, arab today US media conglomerate back in business after bankruptcy

Tribune Company owns Chicago Tribune along with 23 television channels
Washington - Arabstoday

Tribune Company owns Chicago Tribune along with 23 television channels Tribune Company, a US media conglomerate whose assets include The Chicago Tribune and Los Angeles Times newspapers, announced that it will successfully emerge from its bankruptcy restructuring Monday ."Tribune will emerge from the bankruptcy process as a multi-media company with a great mix of profitable assets, strong brands in major markets and a much-improved capital structure," Eddy Hartenstein, Tribune's chief executive officer, said in a statement.
The company's reorganisation plan was confirmed by the US Bankruptcy Court for the District of Delaware in July, and the Federal Communications Commission granted Tribune the necessary approvals in November.
The company owns 23 television stations and a number of leading daily newspapers include the Los Angeles Times, Chicago Tribune, The Baltimore Sun, and Orlando Sentinel.
The announcement said that the company will now receive a new $1.1 billion secured loan and a new $300 million revolving credit facility.
Former creditors are to receive approximately 100 million shares of new stock.
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us media conglomerate back in business after bankruptcy Arab Today, arab today us media conglomerate back in business after bankruptcy

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us media conglomerate back in business after bankruptcy Arab Today, arab today us media conglomerate back in business after bankruptcy

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday