A Delaware bankruptcy judge has granted Tribune Co., owner of The Hartford Courant and WTIC-Channel 61, more time to file schedules of its assets and liabilities and other financial statements.
Judge Kevin Carey today agreed to give the nation’s largest employee-owned media and entertainment company until late March to provide details of its financial affairs.
The judge also approved a short-term letter of credit facility to be provided by Barclays Bank PLC and other institutions to allow Tribune to continue operations.
Tribune, which also owns the Los Angeles Times, Chicago Tribune, The (Baltimore) Sun, and other dailies, as well as 23 television stations and the Chicago Cubs baseball team, was forced to seek bankruptcy protection because of dwindling advertising revenues. (AP)
