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.

  • Jim Romenesko

    From 1999 to 2011, Jim Romenesko maintained the Romenesko page for the Poynter Institute, a Florida-based non-profit school for journalists. Poynter hired him in August of 1999, after seeing his MediaGossip.com, a hobby site he started in May of 1999.

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