Tribune Bankruptcy Update

I preface this by admitting that I don't know very much about how these things usually work, but it sounds like this Tribune bankruptcy isn't going very smoothly in court.

Read this Bloomberg report and tell me what you think.

When the Tribune co-president says "It’s the proverbial man behind the curtain. You don’t know who is there. If that 65 percent equity of the company is something that isn’t controlled by a normal board with normal governance rules, it is going to scare away the potential partners," it sounds to me like some important people aren't exactly on board with the proposed solution.