Tribune lenders not happy

Well, at least dozen of them holding more than $3.6 billion in claims at the media company (parent of the LAT), which is still stuck in Chapter 11. They said it was "premature and misleading" for Tribune to announce an agreement with creditors last week that presumably sets the stage for the company to file its own reorganization plan. From Reuters:

The dissenting lending group said the agreement is "impossibly tainted" by Tribune's attempt to give a "free pass" to insiders including Zell, executives and large creditors including JPMorgan Chase & Co and bondholder Centerbridge Capital Advisors. "This is a 'settlement' made possible with 'other people's money' -- specifically, that of the credit agreement lenders and other current holders of credit agreement claims left holding the bag," the lending group said.