Tribune Co. creditor Aurelius Capital Management today lost its emergency bid to delay the media company’s plan to emerge from bankruptcy. Aurelius sought to delay Tribune’s plan for six months without putting up the $1.5 billion bond that U.S. bankruptcy Judge Kevin Carey required when he granted a temporary stay last week. Aurelius has until Wednesday to come up with the bond, which most observers of the case have suggested is unlikely. A second emergency motion by two indenture trustees seeking to modify the $1.5 billion bond requirement is still pending.
Tribune Bankruptcy Plan Challenge Denied
What's Hot on Deadline
'Pacific Rim Uprising' Takes No. 1 With $23M+; 'Black Panther' Best Marvel Title Ever At Domestic B.O., Beating 'Avengers'
Latest TV News
- Ex-Playboy Playmate’s Donald Trump Tell-All Gooses Anderson Cooper Ratings
- ‘Pandas In New York’: Dhruv Singh To Star In CBS Comedy Pilot
- ‘Barry’ Review: Bill Hader’s A Hit, Man, On HBO’s New Dark Comedy
- Roseanne Barr Plays Donald Trump Card, Warning Jimmy Kimmel Alternative Is Mike Pence
- ‘Station 19’ Launch No Ratings Barn Burner Against NCAA And ‘Chicago Fire’ Double Pump
- Donald Trump Signs Into Law Spending Bill He Threatened To Veto In Morning Twitter Stunt