Tribune to include bonuses in reorganization plans, asks to withdraw motion for court approval

Tribune seeks to withdraw bonus motion

DOVER, Del. — The Tribune Co. wants a Delaware bankruptcy judge to dismiss its motion to approve two management bonus plans worth more than $20 million.

The company said Thursday it wants to include the bonuses in its reorganization plan, rather than have the judge rule on them separately.

But a union for employees of The Baltimore Sun doesn’t agree, and a March 23 hearing is scheduled.

The judge previously approved a separate bonus plan worth up to $45 million for hundreds of Tribune managers, including the top 10 executives.

One of the remaining plans would pay up to $10.6 million to 21 managers, including the top 10 executives. The other is worth up to $9.3 million for 23 people, including six of the top 10 executives.