Chicago Tribune Q-and-A helps readers understand bankruptcy case

Chicago Tribune
From Michael Oneal‘s piece on the status of Tribune’s bankruptcy:
Q: What will the company look like when this is over?
A: It is likely, based on the size of their claims, that senior creditors led by JPMorgan Chase, Oaktree and Angelo Gordon will end up as majority owners. They will pick a new board to run the company, which likely will pick its own management team.

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