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As the Tribune starts to plan its bankruptcy reorganization, it wants to retain all its assets, while keeping its unusual corporate structure (S-corp owned by an ESOP).
The complication is that an S-corp will not allow the Tribune to grant equity to its creditors (such as JP Morgan Chase) in return for debt relief...
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The complication is that an S-corp will not allow the Tribune to grant equity to its creditors (such as JP Morgan Chase) in return for debt relief...
Save & Share
Spam? Topple this!
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