Tribune's Bankruptcy Plan Likely To Face Legal Challenges

Creditors have until midnight Friday to submit alternatives to a plan backed by the media conglomerate and its largest creditors. At least two groups intend to file restructuring proposals.Still recovering from a management scandal that claimed its chief executive a week ago, Tribune Co. is bracing for its next disruption: how to cope with legal challenges from Aurelius Capital Management and other unhappy creditors seeking to upend its bankruptcy case.

 

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