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Saturday - May 18, 2013

Friday - May 17, 2013

Thursday - May 16, 2013

Tribune Co., owner of the Chicago Tribune, Los Angeles Times and six other daily papers, emerged from bankruptcy, four years after a doomed leveraged buyout by billionaire Sam Zell led to Chapter 11 proceedings.

Distributions to creditors have been initiated, the Chicago-based company said Monday. As part of its exit from bankruptcy, Tribune Co. closed on a new $1.1 billion term loan and a $300 million revolving credit line.

The company is now in a wide-ranging sale of assets including stakes in the Food Network and CareerBuilder Inc., newspapers including the Times and the Tribune as well as real estate, said Lance Vitanza, managing director at CRT Capital Group LLC.

1. PPG Corning bankruptcy plan receives preliminary approval
2. Pa. jobless rate declines as fewer look for work
3. Automated teller machine fees up 20 percent in 5 years
4. As yen falls, so does cost of products from Japan
5. Americans fail to find jobs as firms hire foreigners
6. Federal regulators say Consol can reopen fire-stricken mine
7. Idaho spud giant bets on biotech potatoes
8. Year after IPO, Facebook aims to be ad colossus
9. Web giants likely to battle for music fans’ attention
10. Tribune-Review owner to sell stake in KQV-AM 1410
11. Buick Encore sports intriguing design

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