Judge allows some to see critical Tribune report

7/29/2010 2:28:00 PM
By: The Associated Press

WILMINGTON, Del. (AP) - A bankruptcy judge in Wilmington is allowing limited access to a confidential report that criticizes the debt-laden buyout of newspaper publisher Tribune. The judge says parties in the case may look at the full version of the report filed by a court-appointed examiner. The report concludes that talks leading up to the buyout of Tribune Co. had bordered on fraud.

Whether the public can see it will be discussed at a court hearing Tuesday. The version now available is missing hundreds of pages of information because some lenders objected to the release of confidential information.

A leveraged buyout of Tribune in 2007 saddled the company with debt. The company sought Chapter 11 protection in 2008. Tribune owns the Los Angeles Times, Chicago Tribune and other newspapers.

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