A round-up of news from media bankruptcies that depress us to no end:
• Bankruptcy lawyers probably will be happy to know the judge overseeing the Tribune Co. bankruptcy ruled Wednesday that Chadbourne & Parke can stay on as lead creditors committee counsel during crucial upcoming mediation sessions, according to Bloomberg and lawyers who attended Wednesday’s hearing in Delaware. A group of dissident creditors, represented by McCarter & English and Friedman Kaplan Seiler & Adelman had asked Judge Kevin Carey to disqualify Chadbourne from the mediation sessions, claiming the firm is too close to a key group of banks.
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