PRESS RELEASE
CHICAGO, Jan. 15 /PRNewswire/ -- Tribune Company announced today that the United States Bankruptcy Court for the District of Delaware has approved several motions related to business operations and procedural matters.
In addition to other favorable rulings related to business operations, the company is now able to:
-- Enter into a joint agreement with Dow Jones & Co. under which the
Chicago Tribune Company will print the daily and weekend editions of
The Wall Street Journal and Barron's in the Midwest region.
-- Make certain pre-petition contributions to 16 union pensions.
-- Pay vendors who delivered goods within 20 days prior to the company's
Dec. 8, 2008, Chapter 11 filing.
-- Pay certain commissions earned prior to Dec. 8, 2008.
The court also approved several procedural motions, including final approval of the extension of a pre-existing $300 million securitization facility.
A complete list of the rulings today will be posted at http://chapter11.epiqsystems.com/tribune.
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