WILMINGTON, Del. AP – Tribune Co. was authorized on Wednesday to make certain payments to employees, vendors and others as it works through a Chapter 11 bankrupty reorganization.
Judge Kevin Carey said the company, which owns the Los Angeles Times, Chicago Tribune, Baltimore Sun and other dailies, could pay $74 million that was owed to employees before Monday’s bankruptcy petition was filed. That total includes a cap of $10,950 per person but excludes payments for health care, long-term disability, reimbursable expenses, workers compensation and retiree medical care.
