TCR_Public/101127.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

           Saturday, November 27, 2010, Vol. 14, No. 329


CATHOLIC CHURCH: Wilmington Has $1,158,423 Cash at Sept. 30
CMR MORTGAGE II: Posts $2.3 Million Net Loss in October
FIRSTFED FINANCIAL: Posts $75,400 Net Loss in October
GENERAL MOTORS: Old GM Has $949 Mil. Cash at End of September
GOTTSCHALKS INC: Has $8.8 Million Cash at October 30

PFF BANCORP: Posts $374,400 Net Loss in October
REFCO INC: LLC Has $4,205,000 Cash at End of September
THOMPSON PUBLISHING: Had October Loss of $1.25 Million
TRIBUNE CO: Posts $35,015,000 Net Income in October
TRONOX INC: Posts $34.4 Million Net Loss in October


CATHOLIC CHURCH: Wilmington Has $1,158,423 Cash at Sept. 30

             Catholic Diocese of Wilmington, Inc.
                         Balance Sheet
                   As of September 30, 2010

  Cash & Equivalents                                 $1,166,436
  Accounts Receivable (Net)                           2,210,432
  Payroll Receivable                                          -
  Notes Receivable                                    1,457,730
  Advance PIA Distributions                           1,850,901
  Professional Retainers                                545,000
  Unrestricted Pooled Investments                    92,516,001
  Restricted Pooled Investments                      30,524,597
  Unallocated Audit Fees                                      -
  Other Assets                                           53,743
  Real Estate                                         1,314,140
  Assets Held for Others                                      -
     TOTAL ASSETS                                  $131,638,980

  Pre-Filing Accounts Payable                          $136,216
  Payroll & Payroll Taxes Payable                             -
  Payroll Garnishments Payable                                -
  Accrued Vacation Time Payable                         148,013
  Blue Cross/Blue Shield Accrual                         41,026
  Accounts Payable Capital Campaign                      11,273
  Bonds Payable                                      11,000,000
  Priest Pension                                     13,107,216
  Lay Pensions                                       64,366,743
  National Collections                                  305,852
  Other Liabilities                                      32,241
  Assets Held for Others                                      -
  Pooled Investment Account Claims                   80,537,602
     TOTAL LIABILITIES                              169,686,182

  Beginning Year Net Assets                         (41,816,364)
  Net Assets - Prepetition                            4,138,712
  Net Assets - Postpetition                            (369,550)
TOTAL NET ASSETS                                    (38,047,202)
TOTAL LIABILITIES & NET ASSETS                     $131,638,980

             Catholic Diocese of Wilmington, Inc.
                    Statement of Operations
            For the month ending September 30, 2010

CDOW Operations
  CDOW Revenue
     Assessments                                       $312,973
     Investment Income                                8,620,896
     Operational Income                                 154,474
     Designated Income (Education)                      129,959
  Total CDOW Revenue                                  9,218,302

  CDOW Expenses
     Payroll & Taxes                                   (215,784)
     Medical Payments                                         -
     Other Compensation                                 (48,072)
     Other Operational                                 (245,474)
     Capital Expenditures                                     -
     Catholic Schools, Inc.                                   -
     Casa San Francisco                                       -
     Ministry to the Elderly                                  -
     Bankruptcy professionals                          (838,579)
     Neumann Center                                      (5,150)
     Vision for the Future
        (Tuition Assistance)                                  -
     Owed to Parishes (Cap Campaign)                       (362)
  Total CDOW Expenses                                (1,353,421)
CDOW NET OPERATING CASH                                7,864,881

  Program Services
     Annual Appeal Revenue                              350,458
     Program Services Expenditures
        Catholic Youth Organization                      (3,983)
        Catholic Charities                              (85,858)
        High School Appeal Allocation                         -
        The Dialog                                      (50,297)
     Total Program Services Expenses                   (140,138)
  PROGRAM SERVICES NET CASH                             210,320

Benefits & Insurance Program Administration
  Medical Program
     Premiums Received                                  697,387
     Expenses                                        (1,349,454)
     Net Medical                                       (652,067)

  Workers Compensation
     Premiums Received                                        -
     Expenses                                           (33,308)
     Net Workers Comp                                   (33,308)

  Property & Liability Insurance
     Premiums Received                                   66,248
     Expenses                                           (10,678)
     Net P&L Insurance                                   55,570

     Priests                                           (111,300)
     Lay Employees                                            -
     Total Pensions                                    (111,300)
NET CHANGE IN LIQUIDITY                              $7,334,096

             Catholic Diocese of Wilmington, Inc.
          Schedule of Cash Receipts and Disbursements
            For the month ending September 30, 2010

CASH BEGINNING OF PERIOD                             $1,295,252

  ASSESSMENTS                                           312,973
  ANNUAL APPEAL                                         350,458
  INSURANCE PREMIUMS                                    763,635
  OTHER OPERATING                                       284,433
  TOTAL RECEIPTS                                      1,711,499

  NET PAYROLL AND TAXES                                 215,784
  INSURANCE PAYMENTS                                  1,393,440
  OPERATING EXPENSES                                    287,208
  OTHER                                                 140,138
  PROFESSIONAL FEES                                           -
  U.S. TRUSTEE QUARTERLY FEES                                 -
  COURT COSTS                                                 -
TOTAL DISBURSEMENTS                                   2,036,570
NET CASH FLOW                                          (325,071)
Transfers out                                           111,758
Transfers in                                            300,000
Other transfers/returns/fees                                  -
CASH - END OF PERIOD                                 $1,158,423

                  About the Diocese of Wilmington

The Diocese of Wilmington covers Delaware and the Eastern Shore of
Maryland and serves about 230,000 Catholics.  The Delaware diocese
is the seventh Roman Catholic diocese to file for Chapter 11
protection to deal with lawsuits for sexual abuse.  Previous
filings were by the dioceses in Spokane, Washington; Portland,
Oregon; Tucson, Arizona; Davenport, Iowa, Fairbanks, Alaska; and
San Diego, California.

The bankruptcy filing automatically stayed eight consecutive abuse
trials scheduled in Delaware scheduled to begin October 19.  There
are 131 cases filed against the Diocese, with 30 scheduled for

The Diocese filed for Chapter 11 on Oct. 18, 2009 (Bankr. D. Del.
Case No. 09-13560).  Attorneys at Young Conaway Stargatt & Taylor,
LLP, serve as counsel to the Diocese.  The Ramaekers Group, LLC,
is the financial advisor.  The petition says assets range
$50,000,001 to $100,000,000 while debts are between $100,000,001
to $500,000,000.  (Catholic Church Bankruptcy News; Bankruptcy
Creditors' Service, Inc.,

CMR MORTGAGE II: Posts $2.3 Million Net Loss in October
CMR Mortgage Fund II, LLC, filed with the U.S. Bankruptcy Court
for the Northern District of California on November 22, 2010, its
monthly operating report for October 2010.

The Company reported a net loss of $2.3 million on total revenues
of $10,879 for the month of October 2010.

At October 31, 2010, the Debtor had total assets of
$51.8 million, total liabilities of $35.5 million, and total
equity of $16.3 million.  The Company ended October 2010 with
$414,000 in cash and cash equivalents, from $18.7 million at
the beginning of the period.

A full-text copy of the Debtor's operating report for October 2010
is available for free at:


                        About CMR Mortgage

San Francisco, California-based CMR Mortgage Fund II, LLC, is a
limited liability company organized for the purpose of making or
investing in business loans secured by deeds of trust or mortgages
on real properties located primarily in California.   The Company
previously funded lending activities through loan pay downs or pay
offs, as well as by selling its membership interests, and by
selling all or a portion of interests in the loans to individual
investors.  The Company commenced operations in February 2004.
The Company ceased accepting new members in the third quarter of

The Company and CMR Mortgage Fund III, LLC, filed for Chapter 11
protection on March 31, 2009 (Bankr. N. D. Calif. Case No.
09-30788 and 09-30802).  Robert G. Harris, Esq., at the Law
Offices of Binder and Malter, represents the Debtor as counsel.
The Debtor listed between $10 million and $50 million each in
assets and debts.

FIRSTFED FINANCIAL: Posts $75,400 Net Loss in October
FirstFed Financial Corp. filed on November 15, 2010, a monthly
operating report for the month of October 2010 with the U.S.
Bankruptcy Court for the Central District of California, Los
Angeles Division.  The report is unaudited and is not presented in
accordance with generally accepted accounting principles in the
United States.

The Company reported a net loss of $75,400 for the period.

At October 31, 2010, the Company had $4.4 million in total
assets, $159.7 million in total liabilities, and a stockholders'
deficit of $155.3 million.  The Company ended the period with
$4.1 million cash.

A full-text copy of the October 2010 operating report is
available for free at

                      About FirstFed Financial

Irvine, Calif.-based FirstFed Financial Corp. is the bank
holding company for First Federal Bank of California and its
subsidiaries.  The Bank was closed by federal regulators on
December 18, 2009.

FirstFed Financial Corp. filed for Chapter 11 protection on
Jan. 6, 2010 (Bankr. C.D. Calif. Case No. 10-10150).  Jon L.
Dalberg, Esq., at Landau Gottfried & Berger LLP, represents the
Debtor in its restructuring efforts.  In its petition, the Debtor
listed assets of between $1 million and $10 million, and debts of
between $100 million and $500 million.

GENERAL MOTORS: Old GM Has $949 Mil. Cash at End of September

              Motors Liquidation Company, et al.
    Unaudited Condensed Combined Statement of Net Assets
                    As of September 30, 2010

Cash and cash equivalents                          $949,138,000
Due from affiliates                                      13,000
Prepaid expenses                                      2,811,000
Other current assets                                 20,774,000
Total Current Assets                               972,736,000

Property, plant and equipment
Land and building                                   79,878,000
Machinery and equipment                             52,461,000
Total property, plant and equipment                132,339,000

Investment in GMC                                             -
Restricted cash                                      73,760,000
Other assets                                                  -
Total Assets                                     $1,178,835,000

DIP Financing                                    $1,236,386,000
Accounts payable                                     12,127,000
Due to GM LLC                                           168,000
Due to affiliates                                       959,000
Accrued sales, use and other taxes                    1,485,000
Accrued professional fees                            35,978,000
Environmental reserves                              526,139,000
Other accrued liabilities                            14,057,000
Total current liabilities                        1,827,299,000

Liabilities subject to compromise                35,020,222,000
Total Liabilities                                36,847,521,000
Net Assets (Liabilities)                       ($35,668,686,000)

              Motors Liquidation Company, et al.
    Unaudited Condensed Combined Statement of Operations
             For the Month Ended September 30, 2010

Rental and other income                              $2,399,000
Selling, administrative and other expenses            3,727,000
Operating loss                                       (1,328,000)

Interest expense                                      5,147,000
Interest income                                        (259,000)
Loss before reorganization items
& income taxes                                      (6,216,000)

Reorganization items (gain)/loss                  3,318,439,000
Income (Loss) before income taxes                (3,324,655,000)
Income taxes                                                 -
Net Income (Loss)                               ($3,324,655,000)

            Motors Liquidation Company, et al.
      Unaudited Condensed Combined Statement of Cash Flows
             For the Month Ended September 30, 2010

Cash Flows from Operating Activities:
Net Income                                     ($3,324,655,000)

Adjustments to reconcile net income (loss) to
net cash provided by (used in) operating
Non-cash interest expense                            5,147,000
Reorganization items (gain)/loss                 3,318,439,000
Reorganization related payments                    (21,155,000)

Changes in assets & liabilities:
Due from affiliates                                    (15,000)
Prepaid expenses                                       287,000
Due to /(due from) GM LLC                              (24,000)
Other current assets                                         -
Accounts payable                                       958,000
Accrued payroll and employee benefits                        -
Accrued sales, use and other types                    (321,000)
Other accrued liabilities                           (1,053,000)
Net Cash used in Operating Activities               (22,392,000)

Cash Flows from Investing Activities:
Proceeds from disposal of assets                     7,358,000
Proceeds from sale & dissolution
of subsidiaries                                              -
Changes in restricted cash                                   -
Net cash provided by investing activities            7,358,000
Decrease in cash & cash equivalents                 (15,034,000)
Cash & cash equivalents
at beginning of period                             964,172,000
Cash & cash equivalents at end of period           $949,138,000

According to Motors Liquidation Co. Vice President and Treasurer
James Selzer, the Debtors paid a total of $20,863,000 to 14
professionals retained in their Chapter 11 cases the month ended
September 30, 2010.

A full-text copy of the September 2010 Operating Report is
available for free at

                       About General Motors

With its global headquarters in Detroit, Michigan, General Motors
Company -- is one of the world's largest
automakers.  GM employs 205,000 people in every major region of
the world and does business in some 157 countries.  GM and its
strategic partners produce cars and trucks in 31 countries, and
sell and service these vehicles through the following brands:
Buick, Cadillac, Chevrolet, FAW, GMC, Daewoo, Holden, Jiefang,
Opel, Vauxhall and Wuling.  GM's largest national market is China,
followed by the United States, Brazil, Germany, the United
Kingdom, Canada, and Italy.  GM's OnStar subsidiary is the
industry leader in vehicle safety, security and information

General Motors Co. is 60.8% owned by the U.S. Government.  It was
formed to acquire the operations of General Motors Corporation
through a sale under 11 U.S.C. Sec. 363 following Old GM's
bankruptcy filing.  The deal was closed on July 10, 2009, and Old
GM changed its name to Motors Liquidation Co.  Old GM remains
subject to a pending Chapter 11 reorganization case before the
U.S. Bankruptcy Court for the Southern District of New York.

At June 30, 2010, GM had US$131.899 billion in total assets,
US$101.00 billion in total liabilities, US$6.998 billion in
preferred stock, and US$23.901 billion in stockholders' equity.

New GM has a 'BB-' corporate credit rating from Standard & Poor's
and a 'BB-' issuer default rating from Fitch.

                     About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection on June 1, 2009 (Bankr. S.D.N.Y. Lead Case
No. 09-50026).  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin, Esq.,
and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges LLP,
assist the Debtors in their restructuring efforts.  Al Koch at AP
Services, LLC, an affiliate of AlixPartners, LLP, serves as the
Chief Executive Officer for Motors Liquidation Company.  GM is
also represented by Jenner & Block LLP and Honigman Miller
Schwartz and Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP is
providing legal advice to the GM Board of Directors.  GM's
financial advisors are Morgan Stanley, Evercore Partners and the
Blackstone Group LLP.

The U.S. Trustee has appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured Creditors
Holding Asbestos-Related Claims.  Lawyers at Kramer Levin Naftalis
& Frankel LLP serve as bankruptcy counsel to the Creditors
Committee.  Attorneys at Butzel Long serve as counsel regarding
supplier contract matters.  FTI Consulting, Inc., serves as
financial advisors to the Creditors Committee.  Elihu Inselbuch,
Esq., at Caplin & Drysdale, Chartered, represents the Asbestos
Committee.  Legal Analysis Systems, Inc., serves as asbestos
valuation analyst.

Bankruptcy Creditors' Service, Inc., publishes General Motors
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by General Motors Corp. and its various affiliates.
( 215/945-7000)

GOTTSCHALKS INC: Has $8.8 Million Cash at October 30
On November 19, 2010, Gottschalks Inc. filed with the U.S.
Bankruptcy Court for the District of Delaware its monthly
operating report for the period October 3, 2010 to October 30,

The Debtor ended the period with $8.8 million cash.  During the
period, the Debtor paid a total of $233,847 in professional fees
and reimbursed a total of $5,616 in professional expenses.

The Company reported a net loss of $246,000 for the period.

At October 30, 2010, the Company had $23.1 million in total
assets, $74.7 million in total liabilities, and a stockholders'
deficit of $51.6 million.

The monthly operating report for the period October 3, 2010, to
October 30, 2010, is available for free at:


                      About Gottschalks Inc.

Headquartered in Fresno, California, Gottschalks Inc. (Pink
Sheets: GOTTQ.PK) -- was a
department and specialty store chain in United States that
operated 58 full-line department stores and 3 specialty stories
in 6 western states.

The Company filed for Chapter 11 protection on January 14, 2009
(Bankr. D. Del. Case No. 09-10157).  Stephen H. Warren, Esq.,
Karen Rinehart, Esq., Alexandra B. Redwine, Esq., and Ana Acevedo,
Esq., at O'Melveny & Myers LLP, represents the Debtor as counsel.
Mark D. Collins, Esq., Michael J. Merchant, Esq., and Lee E.
Kaufman, Esq., at Richards, Layton & Finger, P.A., serve as the
Debtors' co-counsel.  The Debtor selected Kurtzman Carson
Consultants LLC as its claims agent.  When the Debtor filed for
protection from its creditors, it disclosed $288,438,000 in
total assets and $197,072,000 in total debts.

PFF BANCORP: Posts $374,400 Net Loss in October
On November 16, 2010, PFF Bancorp, Inc., and Glencrest Investment
Advisors, Inc., Glencrest Insurance Services, Inc., Diversified
Builder Services, Inc., and PFF Real Estate Services, Inc., filed
their monthly operating reports for October 2010 with the
United States Bankruptcy Court for the District of Delaware.

PFF Bancorp reported a net loss of $374,439 for the month of
October 2010.

PFF Bancorp paid a total of $331,819 in professional fees and
expenses for the month of October 2010.

At October 31, 2010, PFF Bancorp had total assets of
$13.7 million, total liabilities of $117.4 million, and a
stockholders' deficit of $103.7 million.  Bank Accounts totaled
$2.71 million at October 31, 2010, compared to 3.08 million at
September 30, 2010.

A full-text copy of the Debtors' October 2010 monthly operating
report is available for free at:


                         About PFF Bancorp

PFF Bancorp Inc. -- was a non-
diversified unitary savings and loan holding company within the
meaning of the Home Owners' Loan Act with headquarters formerly
located in Rancho Cucamonga, California.  Bancorp is the direct
parent of each of the remaining Debtors.

Prior to filing for bankruptcy, Bancorp was also the direct parent
of PFF Bank & Trust, a federally chartered savings institution,
and said bank's subsidiaries.

PFF Bancorp Inc. and its affiliates sought Chapter 11 protection
on December 5, 2008 (Bankr. D. Del. Case No. 08-13127 to
08-13131).  Chun I. Jang, Esq., and Paul N. Heath, Esq., at
Richards, Layton & Finger, P.A., represent the Debtors in their
restructuring efforts.  Kurtzman Carson Consultants LLC serves as
the Debtors' claims agent.  Jason W. Salib, Esq., at Blank Rome
LLP, represents the official committee of unsecured creditors as

REFCO INC: LLC Has $4,205,000 Cash at End of September
Albert Togut, the Chapter 7 Trustee overseeing the liquidation of
Refco, LLC's estate, filed with the U.S. Bankruptcy Court for the
Southern District of New York a monthly statement of cash receipts
and disbursements for the period from September 1 to 30, 2010.

The Chapter 7 Trustee reported that Refco LLC's beginning balance
in its Money Market account with Union Bank, totaled $6,709,000 as
of September 1.

During the Reporting Period, Refco LLC received a total of $1,000
in interest income.  No transfers were made, according to Mr.
Togut.  However, a total of $2,500,000 was disbursed on account of
prepetition claims payment and another $5,000 was paid to the
Arthur B. Levine Company as trustee bond payment.

Refco LLC held $4,205,000 at the end of the period.

                      Refco, LLC
      Schedule of Cash Receipts and Disbursements
  Through Union Bank Money Market and Checking Accounts
                 September 1 to 30, 2010

Beginning Balance, September 1, 2010                  $6,709,000

Interest Income                                           $1,000
Sale of Assets                                                 0
Marwilling of Excess Capital                                   0
Man Financial - Excess Capital return                          0
Membership and Clearing Deposits                               0
Other Receivables                                              0
TOTAL RECEIPTS                                           $1,000

Transfer funds to Union Bank                                  $0
TOTAL TRANSFERS                                              $0

Operating expenses & other disbursements                      $0
Executory contract cure payments                               0
Pursuant to payment stipulation                                0
Purchase price escrow deposit                                  0
Expected account escrow fund                                   0
Membership & clearing deposits                                 0
Payment on account of prepetition claims               2,500,000
Other disbursements                                            0

Reorganization Expenses
Attorney fees                                                 0
Trustee bond premium                                      5,000
Other professional fee                                        0
TOTAL DISBURSEMENTS                                   2,505,000
Ending Balance, September 30, 2010                    $4,205,000

                       About Refco Inc.

Headquartered in New York, Refco Inc. --
was a diversified financial services organization with operations
in 14 countries and an extensive global institutional and retail
client base.  Refco's worldwide subsidiaries were members of
principal U.S. and international exchanges, and were among the
most active members of futures exchanges in Chicago, New York,
London and Singapore.  Refco was also a major broker of cash
market products, including foreign exchange, foreign exchange
options, government securities, domestic and international
equities, emerging market debt, and OTC financial and commodity
products.  Refco was one of the largest global clearing firms for
derivatives.  The Company had operations in Bermuda.

The Company and 23 of its affiliates filed for Chapter 11
protection on October 17, 2005 (Bankr. S.D.N.Y. Case No.
05-60006).  J. Gregory Milmoe, Esq., at Skadden, Arps, Slate,
Meagher & Flom LLP, represented the Debtors in their restructuring
efforts.  Milbank, Tweed, Hadley & McCloy LLP, represented the
Official Committee of Unsecured Creditors.  Refco reported
US$16.5 billion in assets and US$16.8 billion in debts to the
Bankruptcy Court on the first day of its Chapter 11 cases.

The Court confirmed the Modified Joint Chapter 11 Plan of
Refco Inc. and certain of its Direct and Indirect Subsidiaries,
including Refco Capital Markets, Ltd., and Refco F/X Associates,
LLC, on December 15, 2006.  That Plan became effective on Dec. 26,
2006.  Pursuant to the plan, RJM, LLC, was named plan
administrator to reorganized Refco, Inc., and its affiliates, and
Marc S. Kirschner as plan administrator to Refco Capital Markets,

Bankruptcy Creditors' Service, Inc., publishes Refco Bankruptcy
News.  The newsletter tracks the Chapter 11 proceedings undertaken
by Refco Inc. and its various affiliates.
( 215/945-7000)

THOMPSON PUBLISHING: Had October Loss of $1.25 Million
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Thompson Publishing Holding Co. reported a
$1.25 million net loss in October on revenue of $3.9 million.  The
loss would have been larger were it not for an almost $900,000 tax
benefit.  Interest expense in the month was $1.04 million.

Mr. Rochelle relates that thompson was authorized earlier this
month to sell the business to first-lien lenders in exchange for
$42 million in secured debt.

                     About Thompson Publishing

Legal publisher Thompson Publishing Holding Co. Inc. and six
affiliates sought chapter 11 protection (Bankr. D. Del. Case No.
10-13070) on Sept. 21, 2010.  Thompson is majority owned by Avista
Capital Partners, which bought a 50% stake in the company for
$130 million in 2006.  Thompson estimated assets of $10 million to
$50 million and debts of $100 million to $500 million in its
Chapter 11 petition.  Mark Chesen and Michael Gorman at SSG
Capital Advisors LLC in Conshohocken, Pa., provide the Debtors
with financial advisory services.

TRIBUNE CO: Posts $35,015,000 Net Income in October

                     Tribune Company, et al.
                Condensed Combined Balance Sheet
                     As of October 24, 2010

Current Assets:
  Cash and cash equivalents                     $1,016,349,000
  Accounts receivable, net                         476,083,000
  Inventories                                       18,928,000
  Broadcast rights                                 211,137,000
  Prepaid expenses and other                       201,679,000
Total current assets                             1,924,176,000

Property, plant and equipment, net                 959,051,000

Other Assets:
  Broadcast rights                                 161,709,000
  Goodwill & other intangible assets, net          792,528,000
  Prepaid pension costs                              2,630,000
  Investments in non-debtor units                1,515,179,000
  Other investments                                 46,618,000
  Intercompany receivables from non-debtors      3,134,709,000
  Restricted cash                                  726,243,000
  Other                                             71,555,000
Total Assets                                    $9,334,398,000


Current Liabilities:
  Current portion of broadcast rights             $132,564,000
  Current portion of long-term debt                  6,243,000
  Accounts payable, accrued expenses, and other    461,503,000
Total current liabilities                          600,310,000

Pension obligations                                165,254,000
Long-term broadcast rights                          91,359,000
Long-term debt                                       6,998,000
Other obligations                                  193,888,000
Total Liabilities                                1,057,809,000

Liabilities Subject to Compromise:
  Intercompany payables to non-debtors           3,459,117,000
  Obligations to third parties                  13,125,162,000
Total Liabilities Subject to Compromise         16,584,279,000

Shareholders' Equity (Deficit)                  (8,307,690,000)
Total Liabilities & Shareholders' Equity        $9,334,398,000

                     Tribune Company, et al.
           Condensed Combined Statement of Operations
        For the Period From Sept. 27 Through Oct. 24, 2010

Total Revenue                                     $255,428,000

Operating Expenses:
  Cost of sales                                    125,939,000
  Selling, general and administrative               70,536,000
  Depreciation                                      12,018,000
  Amortization of intangible assets                  1,100,000
Total operating expenses                           209,593,000
Operating Profit (Loss)                             45,835,000
Income on equity investments, net                      645,000
Interest expense, net                               (3,043,000)
Management fee                                      (1,382,000)
Non-operating loss, net                                394,000
Income (loss) before income taxes & Reorg. Costs    42,449,000
Reorganization costs                                (6,483,000)
Income (loss) before income taxes                   35,966,000
Income taxes                                          (951,000)
Income (loss) from continuing operations            35,015,000
Income from discontinued operations, net of tax              0
Net Income (Loss)                                  $35,015,000

                     Tribune Company, et al.
            Combined Schedule of Operating Cash Flow
          For the Period Sept. 27 Through Oct. 24, 2010

Beginning Cash Balance                          $1,652,134,000

Cash Receipts:
  Operating receipts                               259,957,000
  Other                                             15,008,000
Total Cash Receipts                                274,965,000

Cash Disbursements
  Compensation and benefits                         72,823,000
  General disbursements                            125,013,000
  Reorganization related disbursements               4,916,000
Total Disbursements                                202,752,000
Debtors' Net Cash Flow                              72,212,000

From/(To) Non-Debtors                                4,331,000
Net Cash Flow                                       76,543,000
Other                                                  820,000
Ending Available Cash Balance                   $1,729,497,000

                       About Tribune Co.

Headquartered in Chicago, Illinois, Tribune Co. -- is a media company, operating
businesses in publishing, interactive and broadcasting, including
ten daily newspapers and commuter tabloids, 23 television
stations, WGN America, WGN-AM and the Chicago Cubs baseball team.

The Company and 110 of its affiliates filed for Chapter 11
protection on December 8, 2008 (Bankr. D. Del. Lead Case No. 08-
13141).  The Debtors proposed Sidley Austin LLP as their counsel;
Cole, Schotz, Meisel, Forman & Leonard, PA, as Delaware counsel;
Lazard Ltd. and Alvarez & Marsal North America LLC as financial
advisors; and Epiq Bankruptcy Solutions LLC as claims agent.  As
of December 8, 2008, the Debtors have $7,604,195,000 in total
assets and $12,972,541,148 in total debts.

Chadbourne & Parke LLP and Landis Rath LLP serve as co-counsel to
the Official Committee of Unsecured Creditors.  AlixPartners LLP
is the Committee's financial advisor.  Landis Rath Moelis &
Company serves as the Committee's investment banker.  Thomas G.
Macauley, Esq., at Zuckerman Spaeder LLP, in Wilmington, Delaware,
represents the Committee in connection with the lawsuit filed
against former officers and shareholders for the 2007 LBO of

Bankruptcy Creditors' Service, Inc., publishes Tribune Bankruptcy
News.  The newsletter tracks the chapter 11 proceeding undertaken
by Tribune Company and its various affiliates.
( 215/945-7000)

TRONOX INC: Posts $34.4 Million Net Loss in October
Tronox Inc., et al., reported a net loss of $34.4 million on net
sales of $60.0 million for the month of October 2010.  Results for
the month included reorganization items of $41.4 million.

At October 31, 2010, the Chapter 11 Debtors' balance sheet showed
$1.239 billion in total assets, $1.243 billion in total
liabilities, and a stockholders' deficit of $4.1 million.

On November 17, 2010, the Bankruptcy Court confirmed Tronox's plan
of reorganization, subject to entry of an appropriate confirmation

A copy of the October 2010 monthly operating report is available
for free at

                         About Tronox Inc.

Tronox Inc., aka New-Co Chemical, Inc., and 14 other affiliates
filed for Chapter 11 protection on January 13, 2009 (Bankr.
S.D.N.Y. Case No. 09-10156).  The case is before Hon. Allan L.
Gropper. Richard M. Cieri, Esq., Jonathan S. Henes, Esq., and
Colin M. Adams, Esq., at Kirkland & Ellis LLP in New York,
represent the Debtors.  The Debtors also tapped Togut, Segal &
Segal LLP as conflicts counsel; Rothschild Inc. as investment
bankers; Alvarez & Marsal North America LLC, as restructuring
consultants; and Kurtzman Carson Consultants serves as notice and
claims agent.

An official committee of unsecured creditors and an official
committee of equity security holders were appointed in the cases.
The Creditors Committee retained Paul, Weiss, Rifkind, Wharton &
Garrison LLP as counsel.

Until September 30, 2008, Tronox Inc. was publicly traded on the
New York Stock Exchange under the symbols TRX and TRX.B.  Since
then, Tronox Inc. has traded on the Over the Counter Bulletin
Board under the symbols TROX.A.PK and TROX.B.PK.  As of
December 31, 2008, Tronox Inc. had 19,107,367 outstanding shares
of class A common stock and 22,889,431 outstanding shares of class
B common stock.


Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers"
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR.  Submissions about insolvency-
related conferences are encouraged.  Send announcements to

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through  Go to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week

For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911.  For
bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors" Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA.  Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Howard
C. Tolentino, Joseph Medel C. Martirez, Denise Marie Varquez,
Philline Reluya, Ronald C. Sy, Joel Anthony G. Lopez, Cecil R.
Villacampa, Sheryl Joy P. Olano, Carlo Fernandez, Christopher G.
Patalinghug, and Peter A. Chapman, Editors.

Copyright 2010.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $775 for 6 months delivered via e-
mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Christopher
Beard at 240/629-3300.

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