Extensions, extensions

Disney selling Miramax, MGM struggling with creditors, Tribune slogging through a bankruptcy - will any of these sagas be over in our lifetimes? Two of the three had deadlines extended today, and a third is trying.

--Disney has pushed back the deadline for bids for its Miramax unit. Originally set for today, it's now April 5. Among the interested parties: Bob and Harvey Weinstein, who sold Miramax to Disney in 1993, and Tom Gores' Platinum Equity, a private equity firm. (Reuters)

--Lenders have given MGM until May 14 to service two debt obligations: an interest payment due today and a $250 million principal payment for a revolving line of credit. MGM is currently studying takeover bids and says it needs more time. The offers, said to be in the $1.4 billion range, do not come close to the $4 billion that MGM must repay. (NYT)

--Tribune Co. filed a motion in Delaware bankruptcy court to extend until April 30 its exclusive right to propose a reorganization plan. The deadline had been March 31.
Tribune, parent company of the LAT, has been working on a compromise between senior creditors and junior bondholders that would avoid litigation and further delays. (Chicago Tribune)