Tribune files new plan in its bankruptcy case

Tribune Company and a group of its senior creditors filed an amended plan of reorganization that the media company hopes will solve problems that prevented a Delaware judge from approving an earlier version in October.

In court documents, the company and its allies expressed hope that the new plan could pave the way to an exit from the nearly 3-year-old Chapter 11 proceeding. That will depend on how U.S. Bankruptcy Judge Kevin J. Carey responds to a new proposal that addresses disputes that cropped up among junior creditors after his ruling. Tribune Chief Restructuring Officer Don Liebentritt said the company will ask for an accelerated timetable for plan approval at a hearing Nov. 22. (11/19)