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Saturday, May 18, 2024 | Back issues
Courthouse News Service Courthouse News Service

Tribune Co. Owes Morgan Chase $8.5 Billion in Zell’s Sea of Debt

WILMINGTON, Del. (CN) - The Tribune Co.'s Chapter 11 filing lists $7.6 billion in assets and $13 billion in liabilities. The Tribune filed for bankruptcy Monday, less than a year after real estate mogul Sam Zell bought it and created most of the debt in which it is drowning.

The Tribune publishes the Chicago Tribune, Los Angeles Times and 10 other newspapers, and owns 23 TV stations, the Chicago Cubs and Wrigley Field.

Zell excluded the Cubs and Wrigley Field from the bankruptcy filing to try to grease their sale.

Also filing for bankruptcy protection Monday were a string of Tribune properties.

Here are the Tribune's top creditors in the bankruptcy filing. All debts are listed as unsecured.

JP Morgan Chase Bank NA (as agent) $8,571,040,000

Merrill Lynch Capital Corporation (as agent) $1,600,000,000

Deutsche Bank National Trust $900,000,000

Deutsche Bank National Trust $450,000,000

Deutsche Bank National Trust $330,000,000

Deutsche Bank National Trust $148,000,000

Barclays Capital Inc. $142,923,000

Deutsche Bank National Trust $98,750,000

Deutsche Bank National Trust $84,960,000

Deutsche Bank National Trust $82,083,000

Deutsche Bank National Trust $69,550,000

Warner Bros. Television $23,691,000

Mark Willles $11,229,000

Twentieth Television Inc. $8,051,000

Buena Vista Entertainment Inc. $6,220,000

SP Newsprint Co. $5,153,000

NBC Universal Domestic Television Distribution $4,936,000

Robert Erburu $4,352,000

Abitibi Consolidated $4,192,000

Tower JK LLC $3,323,632

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