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Tribune Co. Spent $3 Million In Legal Fees Before Bankruptcy Filing

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Chicago Tribune   |  Ameet Sachdev   |   December 30, 2008 09:11 AM

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Read More: Chicago Tribune, Sam Zell, Sidley Austin, Tribune Bankruptcy, Tribune Company, Tribune Debt, Tribune Legal Fees, Chicago News

Before Tribune Co. sought bankruptcy protection on Dec. 8, the Chicago-based media company and Chicago Tribune owner had spent nearly $3 million for legal work related to managing and restructuring its massive debt.

Those efforts began as early as March, three months after Chicago real estate investor Sam Zell completed a deal to take Tribune Co. private in a leveraged buyout, according to court documents filed Dec. 26 by Sidley Austin, Tribune Co.'s bankruptcy counsel.

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Before Tribune Co. sought bankruptcy protection on Dec. 8, the Chicago-based media company and Chicago Tribune owner had spent nearly $3 million for legal work related to managing and restructuring it...
Before Tribune Co. sought bankruptcy protection on Dec. 8, the Chicago-based media company and Chicago Tribune owner had spent nearly $3 million for legal work related to managing and restructuring it...
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