Bankruptcy judge gives newspaper union access to Tribune bonus information
By Randall Chase, APTuesday, August 11, 2009
Newspaper union to see Tribune bonus information
WILMINGTON, Del. — A federal bankruptcy judge in Delaware says a union representing newspaper workers can see details about the Tribune Co.’s proposal to give bonuses totaling up to $70 million to the company’s top managers.
Judge Kevin Carey ruled Tuesday that details about the bonus plan should be provided on a limited basis to attorneys for the Washington-Baltimore Newspaper Guild, which opposes the bonuses.
At the same time, the judge agreed to allow Tribune to keep a compensation consultant’s report underlying the bonus plan under seal.
A hearing on whether the court should approve the bonus plan itself has been postponed until September.
Filed under: Business, Corporate, Corporate News, Media, Newspapers
Tags: Delaware, North America, Personnel, United States, Wilmington
Tags: Delaware, North America, Personnel, United States, Wilmington
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