Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
Tribune Company To Emerge From Chapter 11 On Dec. 31, 2012
Will Emerge with Portfolio of Profitable Assets, Strong Liquidity and New Board of Directors

CHICAGO, Dec. 30, 2012 /PRNewswire/ -- Tribune Company announced that it will successfully emerge from its Chapter 11 restructuring process tomorrow, December 31, 2012, and that distributions to creditors will be initiated at that time.  The company's plan of reorganization was confirmed by the U.S. Bankruptcy Court for the District of Delaware in July, and the Federal Communications Commission granted Tribune the necessary transfer applications and waivers in November.

"Tribune will emerge from the bankruptcy process as a multi-media company with a great mix of profitable assets, strong brands in major markets and a much-improved capital structure," said Eddy Hartenstein, Tribune's chief executive officer.  "The company's greatest asset, however, is its employees who, individually and collectively, have remained focused on serving our viewers, readers, advertisers and communities with a single-minded sense of purpose and dedication.  I want to thank all our employees for their talent and effort throughout this four-year process."

In connection with emergence, Tribune will close on a new $1.1 billion senior secured term loan and a new $300 million asset based revolving credit facility. The term loan will be used to fund certain required payments under the plan of reorganization, and the revolving credit facility will be used to fund ongoing operations.

In addition, Tribune's pre-petition credit facilities and outstanding notes and debentures will be cancelled and extinguished, and its pre-petition common stock will be cancelled.  Upon completion of all distributions under the plan of reorganization, Tribune will have issued to former creditors a mix of approximately 100 million shares of new class A common stock and new class B common stock and new warrants to purchase shares of new class A or class B common stock.  Former creditors entitled to receive a distribution of Tribune's new common stock or new warrants are encouraged to review the information and documents which will be posted to Tribune's website at www.tribune.com relating to such securities, including Tribune's Amended and Restated Certificate of Incorporation, Amended and Restated Bylaws, the warrant agreement setting forth the terms of the new warrants and other information, including FAQs with respect to distributions under the plan of reorganization.

"In accordance with our restructuring plan, Tribune's subsidiary creditors and vendors will be receiving payment in full—100% recovery of what they are owed," said Hartenstein.  "These long-term relationships are very important to the company and we are pleased to be successfully resolving these obligations."   

The company also announced its new Board of Directors, effective Dec. 31, 2012:  Bruce Karsh, Ken Liang, Peter Murphy, Ross Levinsohn, Craig A. Jacobson, Peter Liguori, and Eddy Hartenstein.

Tribune's new Board of Directors will convene its first meeting in the next several weeks, at which time it will define the roles of its members, its committee structure, and designate and ratify the company's executive officers.  Chief executive officer Eddy Hartenstein will remain in his current role until that time.

TRIBUNE is one of the country's leading multimedia companies, operating businesses in broadcasting, publishing, and interactive. The company's broadcasting group owns or operates 23 television stations, WGN America on national cable, the national multicast network Antenna TV and Chicago's WGN-AM.  In publishing, Tribune's leading daily newspapers include the Los Angeles Times, Chicago Tribune, The Baltimore Sun, Sun Sentinel (South Florida), Orlando Sentinel, Hartford Courant, The Morning Call and Daily Press. Popular news and information websites complement Tribune's print and broadcast properties and extend the company's nationwide audience.

Cautionary Statement Regarding Forward-Looking Statements

The information contained herein may include certain forward-looking statements. Forward-looking statements reflect various estimates and assumptions by Tribune Company and are subject to risks, trends and uncertainties that could cause actual results and achievements to differ materially from those expressed in such statements. Whether or not any such forward-looking statements are in fact achieved will depend upon future events, some of which are not within the control of Tribune Company. Readers are cautioned not to place undue reliance on such forward-looking statements. The words "believe," "expect," "anticipate," "estimate," "could," "should," "intend" and similar expressions generally identify forward-looking statements.

SOURCE Tribune Company

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Cloud Developer Stories
The recent trends like cloud computing, social, mobile and Internet of Things are forcing enterprises to modernize in order to compete in the competitive globalized markets. However, enterprises are approaching newer technologies with a more silo-ed way, gaining only sub optimal ...
AppZero, a fast, flexible way to move enterprise applications to the cloud, has announced that AppZero Cloud Edition is available to try on Amazon Web Services (AWS) free of charge, as an AWS Test Drive. AppZero's award-winning application migration tool enables users to move se...
DevOps Summit at Cloud Expo Silicon Valley announced today a limited time free "Expo Plus" registration option. On site registration price of $1,95 will be set to 'free' for delegates who register during this Labor Day week. To take advantage of this opportunity, attendees can us...
Technology is enabling a new approach to collecting and using data. This approach, commonly referred to as the “Internet of Things” (IoT), enables businesses to use real-time data from all sorts of things including machines, devices and sensors to make better decisions, improve c...
Internet of @ThingsExpo announced today a limited time free "Expo Plus" registration option. On site registration price of $600 will be set to 'free' for delegates who register during this Labor Day week. To take advantage of this opportunity, attendees can use the coupon code "I...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE