Tribune Co. given until Feb. 28 to file Ch. 11 reorganization plan

A Delaware bankruptcy judge has granted the Tribune Co. more time to submit a Chapter 11 reorganization plan. The judge on Tuesday agreed to extend to Feb. 28 the period in which Tribune has exclusive rights to file a plan. Tribune maintains that it has many of the elements of a reorganization plan in place but needs more time to review issues surrounding the leveraged buyout that took the company private in 2007.