Sam Zell May Lose Control Of Tribune Company

07/09/2009 05:12 am ET | Updated May 25, 2011
  • Michael Oneal | Chicago Tribune

Chicago-based Tribune Co. and its creditors are in the early stages of negotiating a plan of reorganization in U.S. Bankruptcy Court that sources said likely would transfer control of the troubled media conglomerate from Chicago billionaire Sam Zell to a group of large banks and investors that holds $8.6 billion in senior debt.

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