By: Mark Fitzgerald In the 24 pages of Tribune Co.?s voluntary petition for bankruptcy filed in Delaware court Monday, only two numbers matter:
Total assets: $7,604,195,000.00
Total debts: $12,972,541,148.00
Tribune?s bank creditors reads like a list of firms that could surely use the money they?re owed in this credit crunch.
Tribune?s biggest single creditor is JPMorgan Chase, owed $1.045 billion. Deutsche Bank is next with $737.5 million. Angelo Gordon & Co. LP is the third-biggest creditor, holding notes for $324.5 million.
Among the creditors are the industry?s biggest newsprint suppliers, including SP Newsprint ($5.15 million); Abitibi Consolidated ($4.19 million); and Bowater ($2.7 million).
One familiar name in corporate intrigue also appears among the biggest creditors. Davidson Kempner Capital Management, the hedge fund that has started a proxy war with Sun-Times Media Group -- the parent company of the Chicago Sun-Times, the rival of Tribune?s flagship Chicago Tribune -- has the publisher on the hook for $203.9 million.
Another creditor is Nielsen Media Research, a sibling company of Editor & Publisher. It?s owed $1.87 million.
The complete bankruptcy filing is posted on E&P?s business-oriented blog,
Fitz & Jen blog.
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