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Tribune bankruptcy is delayed
A court-appointed examiner has requested more time to investigate the Tribune Co leveraged buyout that some blame for its bankruptcy, likely delaying its stay in Chapter 11, according to court documents filed yesterday. Kenneth Klee, a law professor and partner of the Los Angeles law firm of Klee, Tuchin, Bogdanoff & Stern, said he needs about two more weeks to interview witnesses and review documents to prepare his report. The request to extend the deadline from 12 July to 27 July must be approved by the bankruptcy court.