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The Newspaper Guild-CWA
Newspaper Guild Local Named to Creditor Committee in Tribune Bankruptcy Filing
January 11th, 2009
The Washington-Baltimore Newspaper Guild-CWA, which represents employees at the Baltimore Sun, has been named as one of nine members of the creditors' committee in the bankruptcy filing by Tribune Co. The relatively unusual inclusion of a union on a creditors' committee follows the Guild's success last week in securing Tribune's commitment to pay promised severance and health care benefits to employees who recently accepted a company buy-out. The payments were threatened by Tribune's filing for Chapter 11 bankruptcy in Wilmington, Del., just slightly more than one year after the company was taken private in a complex transaction that saddled it with nearly $13 billion...
Source: Pharma Investments, Ventures & Law Weekly (2009-01-11)
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