CHICAGO Tribune Co. has emerged from a Chapter 11 restructuring more than four years after the media company sought bankruptcy protection.
The reorganized company said Monday that it is starting with a new board of directors and new ownership.
Tribune closed on a new, $1.1 billion senior secured term loan and a $300 million revolving credit line. The loan will fund payments required under the reorganization plan, and the credit line will fund ongoing operations.
Read tomorrow's Arkansas Democrat-Gazette for full details.