Tribune Co. Discloses Government Probe Into Employee Stock Ownership Plan

Tribune Co. Discloses Government Probe Into Employee Stock Ownership Plan

Tribune Co. has disclosed that the U.S. Department of Labor has opened an investigation into the company's employee stock ownership plan, or ESOP.

The Labor Department sent a subpoena March 2 to the Chicago-based media company seeking "an extensive range of documents," Tribune Co. said in a filing made Thursday as part of its bankruptcy case. The company said it produced documents that its lawyers say "substantially complied" with the subpoena.

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