Tribune Preps Bankruptcy Escape Plan

Is Michael Eisner still interested in the top Tribune job? What will happen to all of the stations? Those are the pressing questions now that Tribune has supposedly found a way out of Chapter 11. The company and many of its creditors announced a settlement after many of the lenders were holding out. Tribune said it will meet the Friday deadline to file a reorganization plan. The publishing and broadcasting company has been in Chapter 11 since December 2008.

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