Bondholders to See Tribune Documents

Some bondholders of Tribune Company are being granted access to legal documents to investigate the debt-laden sale of the media company in 2007 to the real estate investor Sam Zell. Tribune and a committee of unsecured creditors, some of whom were the architects of the buyout, agreed late on Wednesday to provide the requested documents to the bondholders. Tribune creditors blame the leveraged buyout for driving the Tribune into bankruptcy a year after the sale. The Law Debenture Trust Company, which says it represents 18 percent of Tribune bondholders, will now have immediate access to previously denied documents and e-mail messages related to the sale, according to the Trust's lead lawyer, David S. Rosner. On Thursday, a bankruptcy court cancelled a hearing on tribune.