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Salt Lake Tribune parent company Affiliated Media Inc.'s bankruptcy plan approved

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  • No Name
    March 5, 2010 12:42 p.m.

    Great! Another comapny that walks away from thier obligation.

  • Zadruga Guy
    March 6, 2010 3:23 p.m.

    Affiliated Media did not "walk away from their obligations." They worked out a reorganization plan with their creditors that the creditors agreed to. As the article noted, that reorganization plan left the creditors with most of the stock -- and thus most of the profit upside potention should the company return to profitability.