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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