WILMINGTON, Del. (AP) — A federal judge on Monday rejected Tribune Co.'s plan to emerge from bankruptcy protection, along with a rival plan from dissident creditors.
Judge Kevin Carey said in a 126-page ruling that he may appoint a trustee to help end the 3-year-old case if the media conglomerate cannot come up with an acceptable plan soon.
Tribune declined comment Monday, saying it was still reviewing the decision.
Carey scheduled a Nov. 22 meeting to determine how to proceed.
Tribune owns the Chicago Tribune, the Los Angeles Times, other major newspapers and more than 20 television and radio stations, including WGN in Chicago. It sought bankruptcy protection in …
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