Tribune Co. (TRBCQ.PK) is slowly moving closer to an exit from bankruptcy, after filing a...

|About: Tribune Co Debs 29 (TRBCQ)|By:, SA News Editor

Tribune Co. (TRBCQ.PK) is slowly moving closer to an exit from bankruptcy, after filing a reorganization plan backed by its leading creditors late yesterday. CEO Randy Michaels had resigned just hours earlier, making room for new leadership to manage the company's second chance.