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From Tribune's internal Q-&-A on the impacts of today's Chapter 11 bankruptcy filing:
How are severance payments affected?All ongoing severance payments, deferred compensation and other payments to former employees have been discontinued and will be the subject of later proceedings before the Court. Please contact call the Tribune Benefits Service Center at 800-872-2222 for details on your specific situation.
Talk about kicking them while they're down. Or maybe it's a good thing: Gawker dug out the filing detail that Tribune still owed former Times CEO Mark Willes $11 million. And Business Week's Jon Fine adds to the list of executive golden parachutes still on the books at Tribune.
Edited post
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| AEG Live, promoter of the Michael Jackson shows in London, stands to recoup a big chunk of its investment, thanks to insurance and two golden opportunities.
| Banks were far more accommodating in 1992, the last time warrants had to be issued, and that laissez-faire stance might have delayed cutting a deal.
| News of Michael Jackson's death -- along with about a dozen satellite trucks -- prompted a gathering outside UCLA Medical Center on Thursday.
The "Right of Way" rewrite is underway. Collaborator Marvin Wolf has already refined the project down to two documents, including a 25-page treatment, while finding time to knock out a novel or two on the side.
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