A judge greenlighted a restructuring plan for the bankrupt parent company of the Los Angeles Times and the Chicago Tribune, but it can't pull out of bankruptcy until the FCC approves license transfers

Move is a setback for the movie photographer who had been seeking millions of dollars in damages

Newly appointed boss will oversee all operations as company emerges from Chapter 11

Gerry Spector to exit, capping a wild year of shuffling

Chairman doesn't "envision a role" once company he bought for $8.7 billion emerges from bankruptcy

Also asked court for permission to pursue legal action against current owner Sam Zell and possible future owners such as JPMorgan Chase

One week after media giant submitted proposal to get out of Chapter 11, creditors put their own plans before the court – now the bargaining begins

Follows New York Times expose of "frat boy" behavior at Tribune Tower, and resignation of executive Lee Abrams for lewd emails

JPMorgan Chase joins major creditors in a multi-million-dollar agreement to settle the two-year bankruptcy

The Comcast-NBCU combination is certain to initiate Hollywood's biggest game of musical chairs in years