Private equity

Rural Broadband Buys Muni System

Location:
Rural Broadband Investments, Overland Park, KS, 66210, United States
Recommendation:
2

Rural Broadband Investments, the small-market cable operator formed by private equity firm GTCR in 2013, has closed on the acquisition of a municipal cable system in Poplar luff (MO), for an undisclosed sum.

Time Warner Cable CEO Robert Marcus Eligible for $80 Million Golden Parachute

Location:
Securities and exchange Commission, 100 F Street, NE, Washington, DC, 20549, United States
Recommendation:
2

Time Warner Cable CEO Robert Marcus, who served in the role for just 44 days before Comcast announced plans to take over his company, is eligible for an $80 million golden parachute in the acquisition.

Transfers at Clear Channel in Dispute

Location:
Clear Channel Communications, 200 E. Basse Rd, San Antonio, TX, 78209, United States
Recommendation:
2

A hedge fund is accusing a subsidiary of Clear Channel Communications of improperly moving $656 million to its debt-laden parent, which is owned by private-equity giants Bain Capital Partners and Thomas H. Lee Capital Partners.

Tribune Paid Bankruptcy Advisers $233 Million Since Filing for Protection

Location:
Chicago Company, 435 N. Michigan Avenue, Chicago, IL, 60611, United States
Recommendation:
1

Tribune Company, the biggest news media company in bankruptcy, paid lawyers and other advisers $233.3 million since filing for court protection from creditors in December 2008.

Sam Zell Blames Tribune Failure on 'Greedy' Journalists

Location:
Tribune Company, 435 N. Michigan Avenue, Chicago, IL, 60611, United States
Recommendation:
1

Sam Zell must miss being the most hated man in the newspaper industry. Why else would the ever-pungent real estate billionaire be speaking up about his disastrous time running Tribune Co., all this time later?

Tribune's bankruptcy bill: $231 million and counting

Location:
Tribune Company, 435 N. Michigan Avenue, Chicago, IL, 60611, United States
Recommendation:
1

Tribune Company has spent nearly $231 million so far on its three-year-old bankruptcy and related litigation.

Tribune: Bankruptcy exit 'possible' by October

Location:
U.S. Bankruptcy Court, Wilmington, DE, United States
Recommendation:
2

Tribune Company is aiming to exit bankruptcy protection by the third quarter, following a court hearing Jan 11 that reaffirmed a May hearing date on the company's revamped reorganization plan.

Tribune Company bankruptcy likely to last into summer

Location:
U.S. Bankruptcy Court, Wilmington, DE, United States
Recommendation:
2

Tribune Company likely will not emerge from bankruptcy protection until at least this summer. Tribune, which has been under Chapter 11 protection for three years, had hoped to end the case in 2011.

Billionaire Sam Zell Sues Shareholders Over Tribune Buyout He Engineered

Location:
U.S. Bankruptcy Court, Wilmington, DE, United States
Recommendation:
2

Billionaire Sam Zell sued former shareholders of the bankrupt publisher Tribune Company, claiming he should be paid along with other creditors should a court rule the 2007 buyout he engineered was a fraud.

Tribune files new plan in its bankruptcy case

Location:
Tribune Company, 435 N. Michigan Avenue, Chicago, IL, 60611, United States
Recommendation:
2

Tribune Company and a group of its senior creditors filed an amended plan of reorganization that the media company hopes will solve problems that prevented a Delaware judge from approving an earlier version in October.

Tribune bankruptcy case may set precedents on leveraged buyouts

Location:
U.S. Bankruptcy Court, Wilmington, DE, United States
Recommendation:
3

Mark Lie, was among thousands of Tribune shareholders who cashed out when the media conglomerate went private in 2007. And like those others, he stands to lose some of his winnings if junior creditors succeed in their legal bid to claw back more than $2.5 billion of the $8.2 billion in proceeds from Tribune's disastrous leveraged buyout.

New twist in Tribune Co. bankruptcy case could benefit billionaire Sam Zell

Location:
U.S. Bankruptcy Court, Wilmington, DE, United States
Recommendation:
2

For nearly three years, the various combatants in the Tribune Company bankruptcy case haven't been able to agree on much. But few would have anticipated that claims held by Chicago billionaire Sam Zell against the company had any but the slimmest chances of recovery.

Tribune hopes bankruptcy exit plan can be altered to win approval

Location:
U.S. Bankruptcy Court, Wilmington, DE, United States
Recommendation:
2

Tribune Company and its allies in bankruptcy court were optimistic that their plan for reorganizing the company would eventually win a Delaware judge's approval. But even as lawyers hunkered down to analyze a long-awaited decision in the case, several sources acknowledged that significant challenges remain to resolve the nearly 3-year-old bankruptcy.

Judge rejects both reorganization plans for Tribune

Location:
U.S. Bankruptcy Court, Wilmington, DE, United States
Recommendation:
3

The federal judge overseeing the Tribune Company bankruptcy case shot down a reorganization plan submitted by the Chicago-based media company, but also rejected a competing plan from a group of creditors.

Bankruptcy judge 'within days' of decision in Tribune Company case

Location:
Tribune Company, 435 N. Michigan Avenue, Chicago, IL, 60611, United States
Recommendation:
2

The judge in Tribune Company's bankruptcy proceeding said Oct 19 that he is "literally within days of issuing an opinion" in the nearly three-year-old Chapter 11 case.

Tribune Settles Tax Claim Related to 2007 Leveraged Buyout for $7 Million

Location:
U.S. Bankruptcy Court, Wilmington, DE, United States
Recommendation:
3

Tribune Company, the biggest media company in bankruptcy, agreed to pay the Internal Revenue Service $7 million to settle allegations that the company’s 2007 leveraged buyout violated U.S. tax law.

Ruling may force Tribune Co. to shed assets

Location:
Tribune Company, 435 N. Michigan Avenue, Chicago, IL, 60611, United States
Recommendation:
3

In a blow to Tribune Company as its seeks to emerge from bankruptcy proceedings, the media company may be forced to divest broadcast or newspaper operations in several markets, including Chicago, following a federal appeals court decision.

Tribune Seeks Reorganization Plan OK

Location:
U.S. Bankruptcy Court, Wilmington, DE, United States
Recommendation:
2

Tribune Company and some of its creditors asked a federal judge to approve a plan that would let the company emerge from more than two years under bankruptcy protection. A separate group of creditors are opposing the plan. Those creditors want the judge to approve a competing reorganization plan.

Ugly Details in Selling Newspapers

Location:
Los Angeles Times, Los Angeles, CA, United States
Recommendation:
1

Any look behind the curtain of Wall Street is not going to be pretty. But there is not pretty and then there is plain ugly.

Avaya Sets Plans to Go Public, Again

Location:
Avaya, 211 Mt. Airy Road , Basking Ridge, NJ, 07920, United States
Recommendation:
1

Apparently, Avaya, a maker of phones and other telecommunications gear, plans to file for a $1 billion initial public offering as early as this week, making it the latest technology company seeking to tap into a resurgent IPO market.

Former Tribune, Times Mirror executives, editors sue shareholders

Location:
Tribune Company, 435 N. Michigan Avenue, Chicago, IL, 60611, United States
Recommendation:
2

A group of former publishers, executives and editors of the Tribune Company and Times Mirror filed suit against major shareholders who benefited from the $8.2 billion takeover of the media conglomerate. The group is seeking to recover $109 million in retirement benefits that were stripped after the company that publishes the Los Angeles Times and the Chicago Tribune filed for bankruptcy in the wake of the buyout, which had enriched some shareholders.

Tribune bankruptcy Fees Top $150 Million

Location:
Tribune Company, 435 N. Michigan Avenue, Chicago, IL, 60611, United States
Recommendation:
1

The Tribune Company has paid over $150 million in professional fees related to the newspaper publisher and television station operator’s Chapter 11 case. The lawyers, advisers and bankers working on the media giant’s case were paid $10.24 million in fees and expenses from March 28 to April 24, bringing Tribune’s total bill since its 2008 filing to $157.65 million.

Media back on center stage as deals pick up

Recommendation:
3

Private equity bosses have given the media sector a wide berth since the financial crisis cut off the supply of cheap debt that had fuelled a string of boom-time media deals, culminating in the buy-out of music group EMI. But the logjam has started to break since the start of the year, amid a flurry of fresh activity.

At Tribune, Battle Expands

Location:
U.S. Bankruptcy Court, Wilmington, DE, United States
Recommendation:
2

Sam Zell's top-of-the-market buyout of Tribune Company cashed out shareholders about a year before the media company tumbled into bankruptcy protection. Now, those former holders are bracing for a possible barrage of litigation aimed at clawing back more than $8 billion in payouts.

Sam Zell's attorney calls Tribune bankruptcy plans unfair

Location:
U.S. Bankruptcy Court, Wilmington, DE, United States
Recommendation:
1

The federal judge overseeing Tribune Company's bankruptcy case should reject both proposals to reorganize the media company's finances because neither adequately protects Tribune Chairman Sam Zell from lawsuits, Zell's attorney argued.

Tribune creditors propose revised bankruptcy plan

Location:
Tribune Company, 435 N. Michigan Avenue, Chicago, IL, 60611, United States
Recommendation:
2

Tribune Company bondholders led by hedge fund Aurelius Capital Management filed a revised bankruptcy reorganization plan for the media company, hoping to overcome objections by senior creditors.

Zell Fights to Avoid Legal Claims Over Tribune Buyout

Location:
U.S. Bankruptcy Court, Wilmington, DE, United States
Recommendation:
1

Tribune Company Chairman Sam Zell is battling to avoid legal liability for leading what he called “the deal from hell,” the $8.2 billion buyout of the bankrupt newspaper and television company.

Tribune bankruptcy judge indicates he will allow state lawsuits alleging fraud in 2007 buyout

Location:
U.S. Bankruptcy Court, Wilmington, DE, United States
Recommendation:
1

Judge Kevin Carey, a federal bankruptcy judge in Delaware, is indicating that he will allow Tribune Company's creditors to pursue fraud claims in state courts against shareholders who benefited from the media company’s 2007 leveraged buyout.

Tribune Company bankruptcy deadlocked, judge says

Location:
U.S. Bankruptcy Court, Wilmington, DE, United States
Recommendation:
2

After two weeks of confirmation hearings marked by hours of complex trial testimony, the Tribune Company bankruptcy case is right where it started: deadlocked.

JPMorgan Stake in Tribune to Violate FCC Rule, Lawyer Claims

Location:
U.S. Bankruptcy Court, Wilmington, DE, United States
Recommendation:
1

JPMorgan Chase & Co. and its hedge fund partner will break federal rules limiting media ownership if they win the right to reorganize bankrupt publisher Tribune Company.

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