Tribune, bondholders agree on records access

WILMINGTON, Del. -- Attorneys representing Tribune Co. in its bankruptcy case have reached an agreement with bondholders over access to records of the 2007 buyout that took the company private.

The bondholders had purchased their debt before real estate mogul Sam Zell led the $8.2 billion buyout. They claim the buyout was fraudulent and pushed the company into insolvency because the debt mainly went to cash out Tribune stockholders.

Tribune and its creditors committee have said they are willing to share information, but that the bondholders refused to sign confidentiality agreements. They also argue that an investigation by the bondholders was unnecessary because it would duplicate the committee's work.

In a court filing Wednesday, attorneys say the dispute has been resolved.

Tribune owns the Chicago Tribune, Los Angeles Times and other properties.