Trib plan gains OK
A federal bankruptcy judge yesterday approved the reorganization plan of media conglomerate Tribune — which will bring the nearly four-year-old bankruptcy to an end by Aug. 31.
Tribune’s new owners, including hedge funds Angelo, Gordon & Co. and Oaktree Capital Management and JPMorgan, still have to win regulatory approval as Tribune owns 23 TV stations — including WPIX in New York — in addition to its 10 newspapers.
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