Perfect Market’s Perfect Storm

Perfect Market, the California-based traffic and content optimization solutions provider for web publishers, completed a $9 million Series D fundraising, the company revealed Tuesday.

Capital will be used to expand on Perfect Market’s existing sales staff and to open up new offices, said Julie Schoenfeld, CEO.

The company has raised three prior rounds of capital totaling nearly $20 million and Schoenfeld said, of the Series D funding, “it’s entirely possible this would be our last round” of fundraising. Prior rounds included Idealab, Rustic Canyon Partners, the Tribune Co., and Trinity Ventures. Each of the investors also joined in for Perfect Market’s Series D. It raised $5.1 million in 2007, $8 million in 2008 and $6 million in 2010…

Tribune Co. Files Reorganization Plan

(Reuters) – Tribune Co filed a reorganization plan late on Friday that will turn over control of the bankrupt newspaper publisher to its leading creditors including JPMorgan Chase & Co, Angelo Gordon & Co and Oaktree Capital Management. The plan signals an important step toward the recovery of the media company — which owns the […]

Angelo Gordon & Co., Oaktree Capital Jointly File Alternative Reorg Plan for Tribune

(Reuters) – Two of Tribune Co’s (TRBCQ.PK: Quote, Profile, Research, Stock Buzz) major creditors joined forces to propose an alternative reorganization plan for the troubled newspaper publisher on Friday, saying it could speed up its exit from bankruptcy by putting aside some legal claims for now. The proposal from Oaktree Capital Management LP and Angelo, […]

Examiner Finds Signs of “Dishonesty” in Tribune LBO

(Reuters) – The court-appointed examiner investigating Tribune Co’s bankruptcy said he has found some evidence of dishonesty in the 2007 leveraged buyout of the company, court documents showed. The report, which investigates whether real estate developer Sam Zell’s 2007 leveraged buyout of Tribune left the media company insolvent, is of particular interest to junior bondholders, […]

U.S. Labor Dept Joins Fight Over Tribune Bankruptcy

WILMINGTON, Del. (Reuters) – Tribune Co’s reorganization plan wrongly tries to shut down a lawsuit against Sam Zell, who took the company into bankruptcy, and block potential claims by the government, the U.S. Department of Labor said in a court filing. Zell led an $8.2 billion leveraged takeover of the owner of the Chicago Tribune, […]

U.S. Trustee Appoints Examiner To Probe Tribune’s LBO

(Reuters) – A U.S. Trustee has appointed an examiner to investigate whether the 2007 leveraged buyout (LBO) of Tribune Co (TRBCQ.PK) led by real estate developer Sam Zell left the media company insolvent. The examiner, Kenneth Klee, is an attorney at Los Angeles-based lawfirm Klee, Tuchin, Bogdanoff & Stern LLP. He also teaches bankruptcy law […]

Tribune Lenders Seek Docs from Centerbridge

NEW YORK (Reuters) – Some of Tribune Co’s lenders are seeking documents from bondholder Centerbridge Partners LP relating to the media group’s stock purchases and 2007 leveraged buyout, according to court filings. A group of credit agreement lenders, including Kohlberg Kravis Roberts & Co and GoldenTree Asset Management LLP, has asked the court to approve […]

Tribune Creditors Seek To File Suit Over 2007 Buyout

NEW YORK (Reuters) – Creditors of bankrupt U.S. newspaper publisher Tribune Co (TRBCQ.PK) are seeking approval to sue the parties involved with the company’s 2007 leveraged buyout, according to court papers on Monday. According to a motion filed in the U.S. bankruptcy court in Delaware, the company’s official committee of unsecured creditors is seeking approval […]

Ricketts, Tribune Reach Deal for Chicago Cubs

CHICAGO (Reuters) – The Ricketts family has reached a deal to buy the storied Chicago Cubs baseball team from bankrupt media company Tribune Co for slightly less than the original $900 million bid, a source familiar with the deal said on Monday. “There is a deal between the Ricketts and Tribune Co,” said the source, […]

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