Tribune forms committee to oversee reorganisation plan
Lawyers for the publisher told a Delaware bankruptcy judge weeks ago that JPMorgan Chase and distressed-debt specialist Angelo, Gordon & Co. had dropped out a settlement agreement, which would have left them among the company's new owners, Philly.com reported.
The four board members include Board Chairman Mark Shapiro, Jeffrey S. Berg, Maggie Wilderotter and Frank Wood, according to the Associated Press article posted on Google News.
Based on a court filing Tuesday, the committee will review and approve a bankruptcy plan and resolve legal claims against Tribune, including claims stemming from its leverage buyout.
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![Digg](http://digg.com/submit?phase=2&&url=http%3A%2F%2Fwww.sfnblog.com%2Fownership_and_regulations%2F2010%2F09%2Ftribune_forms_committee_to_oversee_reorg.php&bodytext=<form mt:asset-id="6404" class="mt-enclosure mt-enclosure-image" style="display: inline;" contenteditable="false"><form mt:asset-id="6405" class="mt-enclosure mt-enclosure-image" style="display: inline;" contenteditable="false"><img alt="Thumbnail image for Tribune tower.png" src="http://www.sfnblog.com/assets_c/2010/04/Tribune%20tower-thumb-250x288-6404.png" class="mt-image-left" style="float: left; margin: 0pt 20px 20px 0pt;" height="288" width="250" /></form>Tribune Co.'s board of directors has formed a special
committee with four independent board members to oversee its Chapter 11 plan as
lenders withdrew from supporting a restructuring plan, <a href="http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aqmGWQS0U3_8">Bloomberg
reported</a>.</form>
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<p class="MsoNormal">Lawyers for the publisher told a Delaware bankruptcy judge weeks
ago that JPMorgan Chase and distressed-debt specialist Angelo, Gordon & Co.
had dropped out a settlement agreement, which would have left them among the
company's new owners, <a href="http://www.philly.com/philly/business/homepage/20100831_Tribune_Co__forms_committee_after_lenders_withdraw.html">Philly.com
reported</a>.</p> &title=Tribune forms committee to oversee reorganisation plan){kind=link}
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