TCR_Public/101211.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, December 11, 2010, Vol. 14, No. 343

                            Headlines

ABITIBIBOWATER INC: Has $6.9 Million October Net Profit
BLOCKBUSTER INC: Incurs $36.5 Million Net Loss in October
CANAL CORP: Has $7.2 Million Cash at November 7
CARITAS HEALTH: Posts $1 Million Net Loss in October
CONSOLIDATED HORTICULTURE: Hines Has $1 Million Cash at November 7

EXTENDED STAY: No Disbursements for October
LAS VEGAS MONORAIL: Reports October Loss of $1.45 Million
NEWPOWER HOLDINGS: Ends September 2010 With $400,000 Cash
NORTEL NETWORKS: Ends October 2010 With $906 Million Cash
OMC INC: Reports $687,000 Net Loss Covering Six Weeks

SCHUTT SPORTS: Reports $2.7 Million October Loss
TRIBUNE CO: Has $35 Million Profit, Cash is $1.7 Billion
TROPICANA ENT: Adamar of NJ Has $4,768,000 Cash at Oct. 31
WASHINGTON MUTUAL: Posts $14.6 Million Net Loss in October
WORKFLOW MANAGEMENT: Reports $8.1 Million October Loss

                            *********

ABITIBIBOWATER INC: Has $6.9 Million October Net Profit
-------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that AbitibiBowater Inc. reported $6.9 million in net
income during October on net sales of $405.7 million.  Operating
income for the month was $120.5 million.  Interest expense in the
month was $110.4 million.

                     About AbitibiBowater Inc.

AbitibiBowater Inc. produces newsprint, commercial printing
papers, market pulp and wood products.  It is the eighth
largest publicly traded pulp and paper manufacturer in the world.
AbitibiBowater owns or operates 22 pulp and paper facilities and
26 wood products facilities located in the United States, Canada
and South Korea.  The Company also recycles old newspapers and
magazines.

The Company and several of its affiliates filed for protection
under Chapter 11 of the U.S. Bankruptcy Code on April 16, 2009
(Bankr. D. Del. Lead Case No. 09-11296).  The Company and its
Canadian affiliates commenced parallel restructuring proceedings
under the Companies' Creditors Arrangement Act before the Quebec
Superior Court Commercial Division the next day.  Alex F. Morrison
at Ernst & Young, Inc., was appointed CCAA monitor.

Paul, Weiss, Rifkind, Wharton & Garrison LLP, serves as the
Debtors' U.S. bankruptcy counsel.  Stikeman Elliot LLP, acts as
the Debtors' CCAA counsel.  Young, Conaway, Stargatt & Taylor, in
Wilmington, Delaware, serves as the Debtors' co-counsel, while
Troutman Sanders LLP in New York, serves as the Debtors' conflicts
counsel in the Chapter 11 proceedings.  The Debtors' financial
advisors are Advisory Services LP, and their noticing and claims
agent is Epiq Bankruptcy Solutions LLC.  The CCAA Monitor's
counsel is Thornton, Grout & Finnigan LLP, in Toronto, Ontario.

Abitibi-Consolidated Inc. and various Canadian subsidiaries filed
for protection under Chapter 15 of the U.S. Bankruptcy Code on
April 17, 2009 (Bankr. D. Del. 09-11348).  Pauline K. Morgan,
Esq., and Sean T. Greecher, Esq., at Young, Conaway, Stargatt &
Taylor, in Wilmington, represent the Chapter 15 Debtors.

U.S. Bankruptcy Judge Kevin Carey handles the Chapter 11 cases of
AbitibiBowater Inc. and its U.S. affiliates and the Chapter 15
case of ACI, et al.

The U.S. Bankruptcy Court issued an opinion confirming
AbitibiBowater's plan of reorganization under chapter 11 of the
U.S. Bankruptcy Code on November 22.  The Debtor also obtained
approval of its reorganization plan under the Canadian Companies'
Creditors Arrangement Act.  AbitibiBowater expects to emerge and
its plans to become effective in December.


BLOCKBUSTER INC: Incurs $36.5 Million Net Loss in October
---------------------------------------------------------

                   Blockbuster Inc., et al.
                         Balance Sheet
                    As of October 31, 2010
                         (In Millions)

Assets

Current assets:
  Cash and cash equivalents                               $52.2
  Receivables, less allowances                             28.6
  Receivables from non-debtor subsidiaries                 13.0
  Merchandise inventories                                  97.5
  Rental library, net                                     202.8
  Prepaid and other current assets                         71.5
                                                        -------
Total current assets                                      465.6

Property and equipment, net                               143.2
Deferred income taxes                                      70.6
Investment in non-debtor subsidiaries                     282.5
Intangibles, net                                            5.9
Restricted cash                                            35.1
Other assets                                               36.5
                                                        -------
Total Assets                                           $1,039.4
                                                        =======
Liabilities and Stockholders' Equity (Deficit)
Current liabilities:
  Accounts payable                                        $96.7
  Accrued expenses                                        193.9
  Deferred income taxes                                    70.7
                                                        -------
Total current liabilities                                 361.3

Other liabilities                                          12.3
                                                        -------
                                                          373.6
Liabilities subject to compromise                       1,172.0
                                                        -------
                                                        1,545.6

Total stockholders' equity (deficit)                     (506.2)
                                                        -------
                                                       $1,039.4
                                                        =======

                   Blockbuster Inc., et al.
                    Statement of Operations
             For the month ending October 31, 2010
                         (In Millions)

Revenues:
  Base rental revenues                                   $126.4
  Previously rented product revenues                       25.1
                                                        -------
  Total rental revenues                                   151.5

  Merchandise sales                                        23.0
  Other revenues                                            3.3
                                                        -------
                                                          177.8
Cost of sales:
  Cost of rental revenues                                  48.1
  Cost of merchandise sold                                 17.6
                                                        -------
  Total cost of sales                                      65.7
                                                        -------
Gross profit                                              112.1

Operating expenses:
  General and administrative                              115.1
  Advertising                                               2.2
  Depreciation and intangible amortization                 16.2
  Impairment of goodwill and other
     long-lived assets                                        -
                                                        -------
                                                          133.5
                                                        -------
Operating income (loss)                                   (21.4)

Interest expense                                            0.4
Interest income                                               -
Other items, net                                           (0.1)
                                                        -------
Income (loss) from continuing operations                  (21.7)
  before income taxes

Reorganization items, net                                  11.8
Benefit (provision) for income taxes                        0.3
Equity in income of non-debtor subsidiaries                 2.7
                                                        -------
Income (loss) from continuing operations                  (36.5)

Income (loss) from discontinued operations                  0.0
                                                        -------
Net income (loss)                                         (36.5)
  Preferred stock dividends                                 0.0
                                                        -------
Net income (loss) applicable to                          ($36.5)
  common stockholders                                   =======

                   Blockbuster Inc., et al.
          Schedule of Cash Receipts and Disbursements
             For the month ending October 31, 2010
                         (In Millions)

Cash flows from operating activities:
  Net income (loss)                                      ($36.5)
  Adjustments to reconcile net income (loss)
  to net cash provided by (used in)
  operating activities:
     Depreciation and intangible amortization              13.3
     Rental library purchases                             (31.3)
     Rental library amortization                           20.7
     Deferred taxes and other liabilities                 (22.8)
     Reorganization items, net of cash payments             5.4

  Changes in operating assets and liabilities:
     Change in receivables                                  2.7
     Change in merchandise inventories                     (8.3)
     Change in prepaid and other assets                     6.7
     Change in accounts payable                            53.1
     Change in accrued expenses and
        other liabilities                                  18.2
                                                        -------
Net cash provided by (used in)                             21.2
  operating activities

Cash flows from investing activities:
Capital expenditures                                       (2.4)
Change in restricted cash                                   0.1
Other investing activities                                    -
                                                        -------
Net cash provided by (used in)                             (2.3)
investing activities

Cash flows from financing activities:
  Proceeds from DIP Financing                              20.0
  Repayments on DIP Financing                             (20.0)
  Debt financing costs                                     (4.6)
  Capital lease payments                                   (0.4)
                                                        -------
Net cash provided by (used in)                             (5.0)
  financing activities

Effect of exchange rate changes on cash                     0.0
                                                        -------
Net decrease in cash and cash equivalents                  13.9
Cash and cash equivalents at beginning of period           38.3
                                                        -------
Cash and cash equivalents at end of period                $52.2
                                                        =======

                       About Blockbuster Inc.

Based in Dallas, Texas, Blockbuster Inc. (Pink Sheets: BLOKA,
BLOKB) -- http://www.blockbuster.com/-- is a global provider of
rental and retail movie and game entertainment.  It has a library
of more than 125,000 movie and game titles.  Blockbuster said it
had assets of $1,017,035,832 and debts of $1,464,939,759 as of
August 1, 2010.

Blockbuster Inc. and 12 U.S. affiliates initiated Chapter 11
bankruptcy proceedings with a pre-arranged reorganization plan
in Manhattan on September 23, 2010 (Bankr. S.D.N.Y. Case No.
10-14997).

Martin A Sosland, Esq., and Stephen Karotkin, Esq., at Weil,
Gotshal & Manges, serve as counsel to the Debtors.  Rothschild
Inc. is the financial advisor.  Alvarez & Marsal is the
restructuring advisor with A&M managing director Jeffery J.
Stegenga as chief restructuring officer.  Kurtzman Carson
Consultants LLC is the claims and notice agent.

A steering group of senior secured noteholders is represented by
James P. Seery, Esq., and Paul S. Caruso, Esq., at Sidley Austin
LLP.  U.S. Bank National Association as trustee and collateral
agent for the senior secured notes is represented by David
McCarty, Esq., and Kyle Mathews, Esq., at Sheppard Mullin Richter
& Hampton LLP.  BDO Consulting is the financial advisor for U.S.
Bank.

Lenders led by Wilmington Trust FSB are providing the DIP
financing.  The DIP Agent is represented by Peter Neckles, Esq.
and Alexandra Margolis, Esq., at Skadden, Arps, Slate, Meagher &
Flom LLP, in New York.

The Official Committee of Unsecured Creditors has retained Cooley
LLP as its counsel.

Blockbuster's non-U.S. operations and its domestic and
international franchisees, all of which are legally separate
entities, were not included in the filings and are not parties to
the Chapter 11 proceedings.

Bankruptcy Creditors' Service, Inc., publishes BLOCKBUSTER
BANKRUPTCY NEWS.  The newsletter tracks the Chapter 11 proceeding
undertaken by Blockbuster Inc. and its units.
(http://bankrupt.com/newsstand/or 215/945-7000)


CANAL CORP: Has $7.2 Million Cash at November 7
-----------------------------------------------
On November 29, 2010, Canal Corporation filed with the U.S.
Bankruptcy Court for the Eastern District of Virginia in Richmond
its unaudited monthly operating report for the period October 4,
2010, to November 7, 2010.

The Debtor reported a net loss of $327,956.

As of November 7, 2010, the Debtor had $41.1 million in total
assets, $420.4 million in total liabilities, and a stockholders'
deficit of $379.3 million.   The Company had cash and cash
equivalents of $7.2 million at November 7, 2010, compared to
$7.3 million at September 5, 2010.

A full-text copy of the monthly operating report for the period
October 4, 2010, to November 7, 2010, is available for free at:

               http://researcharchives.com/t/s?70c2

                        About Canal Corp.

Headquartered in Richmond, Virginia, Canal Corp., formerly
Chesapeake Corporation, supplies specialty paperboard packaging
products in Europe and an international supplier of plastic
packaging products to niche end-use markets.  The Company has 44
locations in Europe, North America, Africa and Asia.

Chesapeake and 18 affiliates filed Chapter 11 petitions (Bankr.
E.D. Va. Lead Case No. 08-336642) on Dec. 29, 2008.  Lawyers at
Hunton & Williams LLP represent the Debtors.  Chesapeake tapped
Alvarez and Marsal North America LLC, and Goldman Sachs & Co. as
financial advisors.  Tavenner & Beran PLC serves as conflicts
counsel and Hammonds LLP as special counsel.  Kurtzman Carson
Consultants LLC serves as claims agent.  The United States Trustee
for Region 4 appointed seven creditors to serve on an Official
Committee of Unsecured Creditors for the Debtors' Chapter 11
cases.  Lawyers at Greenberg Traurig LLP represent the Committee.

In its petition, Chesapeake listed $936,600,000 in total assets
and $937,100,000 in total debts as of September 28, 2008.


CARITAS HEALTH: Posts $1 Million Net Loss in October
----------------------------------------------------
Caritas Health Care, Inc., filed with the U.S. Bankruptcy Court
for the Eastern District of New York on November 16, 2010, its
monthly operating report for the filing period ended October 31,
2010.

The Company reported a net loss of $1,024,839 on net revenue of
($435,597) for the month.

At October 31, 2010, the Company had $40,266,045 in total assets,
$168,072,180 in total liabilities, and stockholders' equity of
$127,806,135.  The Company ended the period with $26,448,830 in
cash.  Payments to professionals totaled $533,272 for the month.

A full-text copy of Caritas Health's operating report for the
month ended April 30, 2010, is available for free at:

       http://bankrupt.com/misc/caritas.october2010mor.pdf

Caritas Health Care Inc. was the owner of Mary Immaculate Hospital
and St. John's Queens Hospital.  Caritas, created by Wyckoff
Heights Medical Center, purchased the two hospitals in a
bankruptcy sale in early 2007 from St. Vincent Catholic Medical
Centers of New York.  St. John's has 227 generate acute-care beds
while Mary Immaculate has 189.

Caritas Health Care, Inc., and eight of its affiliates sought
chapter 11 protection (Bankr. E.D.N.Y., Case No. 09-40901) on
Feb. 6, 2009.  Jeffrey W. Levitan, Esq., and Adam T. Berkowitz,
Esq., at Proskauer Rose, LLP, represent the Debtors.  Martin G.
Bunin, Esq., and Craig E. Freeman, Esq., at Alston & Bird LLP,
represent the official committee of unsecured creditors.

Caritas sold the hospitals to Joshua Guttman in November 2009 for
$17.7 million.


CONSOLIDATED HORTICULTURE: Hines Has $1 Million Cash at November 7
------------------------------------------------------------------
Consolidated Horticulture Group LLC filed with the Bankruptcy
Court on December 7, 2010, a monthly operating report for the
filing period October 12, 2010, through November 7, 2010, of Hines
Nurseries LLC.

Hines Nurseries LLC reported a net loss of $12.9 million on net
sales of $4.8 million for the period October 4, 2010, through
November 7, 2010.

At November 7, 2010, Hines Nurseries' balance sheet showed
$158.5 million in total assets, $93.9 million in total
liabilities, and stockholders' equity of $63.6 million.

At November 7, 2010, Hines Horticulture had cash and cash
equivalents of $1 million as of November 7, 2010, compared to
$632,000 at October 3, 2010.

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

         http://bankrupt.com/misc/hines.oct12-nov7mor.pdf

Irvine, California-based Consolidated Horticulture Group LLC,
doing business as Hines Nurseries LLC --
http://www.hineshorticulture.com/-- operates nursery facilities
located in Arizona, California, Oregon and Texas.  Through its
affiliate, the company produces and distributes horticultural
products.

Black Diamond Capital Management LLC purchased Hines
Nurseries Inc. in a bankruptcy sale in January 2009.  The
resulting reorganization plan, confirmed in January 2009, paid
secured creditors in full on their $35.9 million in claims while
providing as much as $12 million toward debt owing to suppliers
both before and after the bankruptcy filing.  The business bought
by Black Diamond was renamed to Consolidated Horticulture.

Consolidated Horticulture and its affiliates filed for Chapter 11
protection on October 12, 2010 (Bankr. D. Del. Lead Case No.
10-13308).  Laura Davis Jones, Esq. and Timothy P. Cairns, Esq. at
Pachulski Stang Ziehl & Jones LLP, serve as Delaware counsel to
the Debtors.  Attorneys at Jones, Walker, Waechter, Poitevent,
Carrere & Denegre, L.L.P., serve as bankruptcy counsel.  Epiq
Bankruptcy Solutions LLC is the claims agent.  Consolidated
Horticulture estimated $100 million to $500 million in assets and
$50 million to $100 million in debts in the Chapter 11 petition.


EXTENDED STAY: No Disbursements for October
-------------------------------------------
Joseph Teichman, secretary and general counsel of Extended Stay
Inc., filed a declaration with the Court, disclosing that the
company has not made any disbursements during October 2010.

Mr. Teichman filed the declaration in lieu of ESI's monthly
operating report for October, and in compliance with a recent
agreement between the U.S. Trustee and Weil Gotshal Manges LLP,
under which ESI won't be required to file a MOR if it has not
made any disbursements during the relevant reporting period.

ESI is not part of the restructuring plan that was confirmed by
the Court, thus, it is still required to continue to file a MOR.

ESI's 74 affiliated debtors, which were reorganized pursuant to
the confirmed plan, have been required to file operating reports
on a quarterly basis after the restructuring plan took effect on
October 8, 2010.


                       About Extended Stay

Extended Stay is the largest owner and operator of mid-price
extended stay hotels in the United States, holding one of the most
geographically diverse portfolios in the lodging sector with
properties located across 44 states (including 11 hotels located
in New York) and two provinces in Canada.  As a result of
acquisitions and mergers, Extended Stay's portfolio has expanded
to encompass over 680 properties, consisting of hotels directly
owned or leased by Extended Stay or one of its affiliates.
Extended Stay currently operates five hotel brands: (i) Crossland
Economy Studios, (ii) Extended Stay America, (iii) Extended Stay
Deluxe, (iv) Homestead Studio Suites, and (v) StudioPLUS Deluxe
Studios.

Extended Stay Inc. and its affiliates filed for Chapter 11 on
June 15, 2009 (Bankr. S.D.N.Y. Case No. 09-13764).  Judge James M.
Peck handles the case.  Marcia L. Goldstein, Esq., at Weil Gotshal
& Manges LLP, in New York, represents the Debtors.  Lazard Freres
& Co. LLC is the Debtors' financial advisors.  Kurtzman Carson
Consultants LLC is the claims agent. Extended Stay had assets of
$7.1 billion and debts of $7.6 billion as of the end of 2008.

Extended Stay Inc. in October successfully emerged from Chapter 11
protection.  An investment group including Centerbridge Partners,
L.P., Paulson & Co. Inc. and Blackstone Real Estate Partners VI,
L.P.  has purchased 100 percent of the Company for $3.925 billion
in connection with the Plan of Reorganization confirmed by the
Bankruptcy Court in July.

Bankruptcy Creditors' Service, Inc., publishes Extended Stay
Bankruptcy News.  The newsletter provides gavel-to-gavel coverage
of the Chapter 11 proceedings undertaken by Extended Stay Inc. and
its various affiliates. (http://bankrupt.com/newsstand/or
215/945-7000).


LAS VEGAS MONORAIL: Reports October Loss of $1.45 Million
---------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Las Vegas Monorail Co. filed an operating report
showing $2.15 million income in October and expenses before
reorganization costs of $3.44 million.  The net loss for the month
was $1.45 million.  Since the case was filed in August 2009, total
revenue has been $18.9 million, with a net loss of $19.44 million.
The October loss and the cumulative loss don't include an accrual
for interest expense.

                     About Las Vegas Monorail

Las Vegas, Nevada-based Las Vegas Monorail Company, organized by
the State of Nevada in 2000 as a nonprofit corporation, owns and
manages the Las Vegas Monorail.  The Monorail is a seven-stop,
elevated train system that travels along a 3.9-mile route near the
Las Vegas Strip.  LVMC has contracted with Bombardier Transit
Corporation to operate the Monorail.  Though it benefits from its
tax-exempt status due to being a nonprofit entity, LVMC claims to
be the first privately-owned public transportation system in the
nation to be funded solely by fares and advertising.  LVMC says it
receives no governmental financial support or subsidies.

The Company filed for Chapter 11 bankruptcy protection on
January 13, 2010 (Bankr. D. Nev. Case No. 10-10464).  Gerald M.
Gordon, Esq., at Gordon Silver, assists the Company in its
restructuring effort.  Alvarez & Marsal North America, LLC, is the
Debtor's financial advisor.  Stradling Yocca Carlson & Rauth is
the Debtor's special bond counsel.  Jones Vargas is the Debtor's
special corporate counsel.  The Company disclosed $395,959,764 in
assets and $769,515,450 in liabilities as of the Petition Date.

In May 2010, Ambac Assurance Corp. lost its bid to stay the
bankruptcy case while a district court considers whether the
bankruptcy court wrongly rejected Ambac's argument that Monorail
was a municipality and thus ineligible to be a Chapter 11 debtor.


NEWPOWER HOLDINGS: Ends September 2010 With $400,000 Cash
---------------------------------------------------------
NewPower Holdings, Inc., filed its monthly operating report for
the period August 31, 2010, to September 30, 2010, with the
Bankruptcy Court on December 6, 2010.

The Debtor had an opening cash balance of $414,000 and an ending
cash balance of $400,000.

A full-text copy of the Debtor's September 2010 operating report
is available for free at http://researcharchives.com/t/s?70c4

                     About NewPower Holdings

NewPower Holdings, Inc. (Pink Sheets: NWPWQ) and its debtor-
affiliates filed for Chapter 11 protection on June 11, 2002
(Bankr. N.D. Ga. 02-10836).  Paul K. Ferdinands, Esq., at King &
Spalding, and William M. Goldman, Esq., at Sidley Austin Brown &
Wood LLP, represent the Debtors as counsel.  When the Debtors
filed for protection from their creditors, they reported
$231,837,000 in assets and $87,936,000 in debts.

On August 15, 2003, the U.S. Bankruptcy Court for the Northern
District of Georgia, Newnan Division, confirmed the Second Amended
Chapter 11 Plan with respect to NewPower Holdings, Inc., and TNPC
Holdings, Inc., a wholly owned subsidiary of the Company.  That
Plan became effective on October 9, 2003, with respect to the
company and TNPC.

On February 28, 2003, the Bankruptcy Court confirmed The New
Power Company's Plan, and that Plan has been effective as of
March 11, 2003, with respect to New Power.  The New Power Company
is a wholly owned subsidiary of the company.


NORTEL NETWORKS: Ends October 2010 With $906 Million Cash
---------------------------------------------------------
On December 6, 2010, Nortel Networks Inc., a Delaware
corporation and an indirect subsidiary of Nortel Networks Corp.,
and several other direct and indirect U.S. subsidiaries of Nortel
Networks Corp., filed their unaudited condensed combined debtors-
in-possession financial statements included in the monthly
operating report for October 2010 with the United States
Bankruptcy Court for the District of Delaware.

Nortel Networks Inc. reported a net loss of $3.0 million on
total revenues of $8.0 million for the period.  Reorganization
expenses totaled $11.0 million for the month.

The Company ended October 2010 with $906.0 million in cash and
cash equivalents, as compared to $897.0 million at the beginning
of the month.

As of October 31, 2010, Nortel Networks Inc. had $1.569 billion
in total assets, $5.881 billion in total liabilities, and a
stockholders' deficit of $4.312 billion.

A full-text copy of the monthly operating report is available at
no charge at http://researcharchives.com/t/s?70c5

Nortel Networks (OTC BB: NRTLQ) -- http://www.nortel.com/--
delivers communications capabilities that make the promise of
Business Made Simple a reality for the Company's customers.  The
Company's next-generation technologies, for both service provider
and enterprise networks, support multimedia and business-critical
applications.  Nortel's technologies are designed to help
eliminate the barriers to efficiency, speed and performance by
simplifying networks and connecting people to the information they
need, when they need it.

Nortel Networks Corp., Nortel Networks Inc., and other affiliated
corporations in Canada sought insolvency protection under the
Companies' Creditors Arrangement Act in the Ontario Superior Court
of Justice (Commercial List).  Ernst & Young was appointed to
serve as monitor and foreign representative of the Canadian Nortel
Group.

The Monitor sought recognition of the CCAA Proceedings in the U.S.
by filing a bankruptcy petition under Chapter 15 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 09-10164).  Mary Caloway,
Esq., and Peter James Duhig, Esq., at Buchanan Ingersoll & Rooney
PC, in Wilmington, Delaware, serves as the Chapter 15 petitioner's
counsel.

Nortel Networks Inc. and 14 affiliates filed separate Chapter 11
petitions on January 14, 2009 (Bankr. D. Del. Case No. 09-10138).
Judge Kevin Gross presides over the case.  James L. Bromley, Esq.,
at Cleary Gottlieb Steen & Hamilton, LLP, in New York, serves as
general bankruptcy counsel; Derek C. Abbott, Esq., at Morris
Nichols Arsht & Tunnell LLP, in Wilmington, serves as Delaware
counsel.  The Chapter 11 Debtors' other professionals are Lazard
Freres & Co. LLC as financial advisors; and Epiq Bankruptcy
Solutions LLC as claims and notice agent.

Certain of Nortel's European subsidiaries also made consequential
filings for creditor protection.  The Nortel Companies related in
a press release that Nortel Networks UK Limited and certain
subsidiaries of the Nortel group incorporated in the EMEA region
have each obtained an administration order from the English High
Court of Justice under the Insolvency Act 1986.  The applications
were made by the EMEA Subsidiaries under the provisions of the
European Union's Council Regulation (EC) No. 1346/2000 on
Insolvency Proceedings and on the basis that each EMEA
Subsidiary's centre of main interests is in England.  Under the
terms of the orders, representatives of Ernst & Young LLP have
been appointed as administrators of each of the EMEA Companies and
will continue to manage the EMEA Companies and operate their
businesses under the jurisdiction of the English Court and in
accordance with the applicable provisions of the Insolvency Act.

Several entities, particularly, Nortel Government Solutions
Incorporated have material operations and are not part of the
bankruptcy proceedings.

As of September 30, 2008, Nortel Networks Corp. reported
consolidated assets of US$11.6 billion and consolidated
liabilities of US$11.8 billion.  The Nortel Companies' U.S.
businesses are primarily conducted through Nortel Networks Inc.,
which is the parent of majority of the U.S. Nortel Companies.  As
of September 30, 2008, NNI had assets of about US$9 billion and
liabilities of US$3.2 billion, which do not include NNI's
guarantee of some or all of the Nortel Companies' about
US$4.2 billion of unsecured public debt.


OMC INC: Reports $687,000 Net Loss Covering Six Weeks
-----------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reported that OMC Inc. reported a $687,000 net loss for the first
six weeks in Chapter 11.  The report for the Sept. 15 filing date
through the end of October reflected revenue of $1.07 million. The
largest contributor to the loss was a $550,000 bad debt expense.

OMC Inc. is a subcontractor that makes and installs sheet metal
ductwork for heating and cooling systems.  OMC filed for Chapter
11 protection (Bankr. S.D.N.Y. Case No. 10-14864) on Sept. 15,
2010.  Jonathan S. Pasternak, Esq., at Rattet, Pasternak & Gordon
Oliver, LLP, in New York, serves as counsel.  The Debtor estimated
assets of $1 million to $10 million, and debts of $10 million to
$50 million.


SCHUTT SPORTS: Reports $2.7 Million October Loss
------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Schutt Sports Inc. disclosed a $2.7 million net loss
in October on sales of $5.3 million.  The operating loss in the
month was $86,000.  Reorganization expenses charged in the month
were $2.4 million.  Schutt has lost $4.4 million since the
inception of the Chapter 11 case on Sept. 6.  Sales in the period
totaled $8.3 million.

Schutt is holding an auction on Dec. 14 to test whether a
$25.1 million offer from Kranos Intermediate Holding Corp. is the
best bid for the business.  The hearing for approval of the sale
will be on Dec. 15.

                        About Schutt Sports

Headquartered in Litchfield, Illinois, Schutt Sports, Inc. -- fka
Schutt Manufacturing Company, Schutt Sports Manufacturing Co.,
Schutt Sports Distribution Company, and Schutt Athletic Sales
Company -- and its affiliates manufacture team sporting equipment,
primarily for football, baseball and softball.

Schutt Sports filed for Chapter 11 bankruptcy protection on
September 6, 2010 (Bankr. D. Del. Case No. 10-12795).  The Company
was forced into Chapter 11 by a $29 million patent-infringement
judgment in favor of competitor Riddell Inc.

Victoria Watson Counihan, Esq., at Greenberg Traurig, LLP, assists
the Debtor in its restructuring effort.  Ernst & Young is the
Debtor's financial advisor.  Oppenheimer & Co., Inc., is the
Debtor's investment banker. The Official Committee of Unsecured
Creditors tapped Lowenstein Sandler PC as its counsel.

The Debtor estimated is assets and debts at $50 million to
$100 million as of the Petition Date.


TRIBUNE CO: Has $35 Million Profit, Cash is $1.7 Billion
--------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg
News, reports that reported a $35 million net profit for
the month ended Oct. 24.  Tribune's profit in October
stemmed from revenue of $255.4 million. Operating income
was $45.8 million. For the month, depreciation expense was
$12 million and reorganization costs were $6.5 million.
Tribune ended the month with $1.729 billion cash, an increase
of $77 million from the prior month.

                       About Tribune Co.

Headquartered in Chicago, Illinois, Tribune Co. --
http://www.tribune.com/-- 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
Tribune.

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


TROPICANA ENT: Adamar of NJ Has $4,768,000 Cash at Oct. 31
----------------------------------------------------------

               Adamar of NJ In Liquidation, LLC
                  Consolidated Balance Sheets
                    As of October 31, 2010

                             ASSETS

Current Assets
Cash and cash equivalents                          $4,768,000
Receivables, gaming, hotel and other, net                   0
Inventories                                                 0
Prepaid expenses and other                                  0
Deferred income taxes                                       0
                                                --------------
Total current assets                                 4,768,000

Property and equipment, at cost, net                         0

Investments                                                  0
Tenant allowances and other assets                           0
                                                --------------
TOTAL ASSETS                                        $4,768,000
                                                ==============

              LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities
Accounts payable and accruals                      $2,446,000
Accrued payroll and employee benefits                       0
Current portion of long-term debt                           0
Casino reinvestment obligation                              0
Advances from TE and other affiliates, net                  0
Advances from NJ affiliates, net                            0
Other current liabilities                                   0
Liabilities subject to compromise                   9,560,000
                                                --------------
Total current liabilities                           12,007,000

Long-term debt, net of current portion                       0
Deferred income taxes                                        0
                                                --------------
Total Liabilities                                   12,007,000

Stockholders' Equity
Common stock, no par value (100 shares                      0
   authorized, issued and outstanding)
Paid-in capital                                             0
Accumulated deficit                                (7,238,000)
                                                --------------
Total shareholders' equity                          (7,238,000)
                                                --------------
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY            $4,768,000
                                                ==============

               Adamar of NJ In Liquidation, LLC
             Consolidated Statements of Operations
              For the Month Ended October 31, 2010

Revenues
Casino                                                     $0
Rooms                                                       0
Food and beverage                                           0
Other                                                       0
                                                --------------
Total revenues                                               0
                                                --------------

Costs and Expenses
Casino                                                      0
Rooms                                                       0
Food and beverage                                           0
Other                                                       0
Marketing                                                   0
General and administrative                                  0
Utilities                                                   0
Repairs and maintenance                                     0
Provision for doubtful accounts                             0
Property taxes and insurance                                0
Rent                                                        0
Rent to New Jersey affiliate                                0
Depreciation and amortization                               0
Reorganization expense                                 62,000
                                                --------------
Total                                                   62,000

Operating profit (loss)                                (62,000)

License denial expense                                       0
Interest income, net                                     3,000
Interest expense                                             0
                                                --------------
Income before income taxes                             (59,000)
Income taxes benefit/(provision)                             0
                                                --------------
NET (LOSS)                                            ($59,000)
                                                ==============

               Adamar of NJ In Liquidation, LLC
                          Cash Flows
              For the Month Ended October 31, 2010


Beginning cash                                      $4,824,000

Disbursements:
Claims settlement                                           0
Professional fees disbursements                        59,000
UST fees                                                    0
                                                --------------
Total disbursements                                     59,000

Interest income                                          3,000
                                                --------------
Ending Cash                                         $4,768,000
                                                ==============

                   About Tropicana Entertainment

Tropicana Entertainment Inc. is a publicly reporting company that,
along with its affiliates, owns or operates nine casinos and
resorts in Indiana, Louisiana, Mississippi, Nevada and New Jersey.
The Company owns approximately 6,000 rooms, 9,000 slot positions
and 250 table games.  In addition, the Company owns a development
property in Aruba.  The company is based in Las Vegas, Nevada.

Tropicana Entertainment LLC and certain affiliates filed for
Chapter 11 protection on May 5, 2008 (Bankr. D. Del. Case No. 08-
10856).  Kirkland & Ellis LLP and Mark D. Collins, Esq., at
Richards Layton & Finger, represent the Debtors in their
restructuring efforts.  Their financial advisor is Lazard Ltd.
Their notice, claims, and balloting agent is Kurtzman Carson
Consultants LLC.  Epiq Bankruptcy Solutions LLC is the Debtors'
Web site administration agent.  AlixPartners LLP is the Debtors'
restructuring advisor.  Stroock & Stroock & Lavan LLP and Morris
Nichols Arsht & Tunnell LLP represent the Official Committee of
Unsecured Creditors in this case.  Capstone Advisory Group LLC is
financial advisor to the Creditors' Committee.

The OpCo Debtors, a group of Tropicana entities owning casinos and
resorts in Atlantic City, New Jersey and Evansville, Indiana
obtained confirmation from the Bankruptcy Court of a
reorganization plan.  On April 29, 2009, non-debtor units of the
OpCo Debtors, designated as the New Jersey Debtors -- Adamar of
New Jersey, Inc., and its affiliate, Manchester Mall, Inc. --
filed for Chapter 11 (Bankr. D. N.J. Lead Case No. 09- 20711) to
effectuate a sale of the Atlantic City Resort and Casino to a
group of Investors-led by Carl Icahn.   Judge Judith H. Wizmur
presides over the cases.  Manchester Mall is a wholly owned
subsidiary of Adamar that owns and operates certain real property
utilized in the New Jersey Debtors' business operations.
Effective March 8, Tropicana Entertainment successfully emerged
from the Chapter 11 reorganization process as an Carl Icahn-owned
entity.

A group of Tropicana entities, known as the LandCo Debtors, which
own Tropicana casino property in Las Vegas, have obtained approval
of a separate Chapter 11 plan.

Ilana Volkov, Esq., and Michael D. Sirota, Esq., at Cole, Schotz,
Meisel, Forman & Leonard, in Hackensack, New Jersey, represented
the New Jersey Debtors.  Kurtzman Carson Consultants LLC acts as
their claims and notice agent.  Adamar disclosed $500 million to
$1 billion both in total assets and debts in its petition.
Manchester Mall disclosed $1 million to $10 million in total
assets, and less than $50,000 in total debts in its petition.

Debtors Adamar of New Jersey Inc. and Manchester Mall Inc. have
merged into Adamar of NJ In Liquidation, LLC.  The merger and name
change is in accordance with an Amended and Restated Purchase
Agreement, which governs the sale and transfer of the operations
of the Tropicana Casino and Resort - Atlantic City, including
substantially all of the New Jersey Debtors' assets, to Tropicana
Entertainment Inc., Tropicana Atlantic City Corp., and Tropicana
AC Sub Corp., free and clear of any and all liens, claims and
encumbrances.

Bankruptcy Creditors' Service, Inc., publishes Tropicana
Bankruptcy News.  The newsletter tracks the Chapter 11 proceedings
of Tropicana Entertainment Inc. and its debtor-affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


WASHINGTON MUTUAL: Posts $14.6 Million Net Loss in October
----------------------------------------------------------
On November 30, 2010, Washington Mutual, Inc., and WMI Investment
Corp. filed their monthly operating report for October 2010 with
the United States Bankruptcy Court for the District of Delaware.

Washington Mutual reported a net loss of $14.6 million on total
revenues of $449,873 for the month of October.

At October 31, 2010, Washington Mutual had $6.843 billion in
total assets, $8.370 billion in total liabilities, and a
shareholders' deficit of $1.527 billion.  Washington Mutual ended
October 2010 with $4.530 billion in unrestricted cash and cash
equivalents compared to $4.535 billion in unrestricted cash and
cash equivalents at September 30, 2010.  Washington Mutual paid a
total of $8.5 million in professional fees and reimbursed a total
of $516,809 in professional expenses in October.

WMI Investment reported a net loss of $12,457 on total revenues of
$2,506 for the month of October.

At October 31, 2010, WMI Investment had $921.40 million in total
assets, $14,825 in post-petition liabilities, and $921.39 million
in stockholders' equity.  WMI Investment ended October with
$275.89 million in cash and cash equivalents, compared to cash and
cash equivalents of $275.67 million at September 30, 2010.

A full-text copy of Washington Mutual and WMI Investment's monthly
operating report for October 2010 is available at:

               http://researcharchives.com/t/s?70c3

                      About Washington Mutual

Based in Seattle, Washington, Washington Mutual Inc. --
http://www.wamu.com/-- is a holding company for Washington Mutual
Bank as well as numerous non-bank subsidiaries.

Washington Mutual Bank was taken over on Sept. 25, 2008, by U.S.
government regulators.  The next day, WaMu and its affiliate, WMI
Investment Corp., filed separate petitions for Chapter 11 relief
(Bankr. D. Del. 08-12229 and 08-12228, respectively).  WaMu owns
100% of the equity in WMI Investment.  When WaMu filed for
protection from its creditors, it disclosed assets of
$32,896,605,516 and debts of $8,167,022,695.  WMI Investment
estimated assets of $500,000,000 to $1,000,000,000 with zero
debts.

WaMu is represented by Brian Rosen, Esq., at Weil, Gotshal &
Manges LLP in New York City; Mark D. Collins, Esq., at Richards,
Layton & Finger P.A. in Wilmington, Del.; and Peter Calamari,
Esq., and David Elsberg, Esq., at Quinn Emanuel Urquhart Oliver &
Hedges, LLP.  Fred S. Hodera, Esq., at Akin Gump Strauss Hauer &
Fled LLP in New York City and David B. Stratton, Esq., at Pepper
Hamilton LLP in Wilmington, Del., represent the Official Committee
of Unseucred Creditors.  Stephen D. Susman, Esq., at Susman
Godfrey LLP and William P. Bowden, Esq., at Ashby & Geddes, P.A.,
represent the Equity Committee.  Stacey R. Friedman, Esq., at
Sullivan & Cromwell LLP and Adam G. Landis, Esq., at Landis Rath &
Cobb LLP in Wilmington, Del., represent JP Morgan Chase, which
acquired WaMu's assets prior to the Petition Date.


WORKFLOW MANAGEMENT: Reports $8.1 Million October Loss
------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Workflow Management Inc. reported an $8.1 million net
loss in October on net revenue of $47.6 million.  Operating income
of $1.17 million turned into the net loss after $5.3 million of
interest expense and $4 million in professional fees.

                      About Workflow Management

Headquartered in Dayton, Ohio Workflow Management, Inc., fka
Workflow Graphics, Inc. -- http://www.workflowone.com/-- offers
commercial printing services, including print buying and document
management capabilities, through three divisions: WorkflowOne,
Freedom Graphics Services, and United Envelope.  It also
distributes office products and promotional items through an
online ordering system.  Its customers include both small and
large companies throughout North America in such sectors as
financial services, health care, retail, and government.

Workflow Management Inc., and its affiliates, filed for Chapter 11
bankruptcy protection on September 29, 2010 (Bankr. E.D. Va. Lead
Case No. 10-74617).  Cullen A. Drescher, Esq., Daniel F. Blanks,
Esq., Douglas M. Foley, Esq., and Patrick L. Hayden, Esq., at
McGuireWoods LLP; Sarah Beckett Boehm, Esq., at McGuireWoods LLP;
and Rosa J. Evergreen, Esq., at Arnold & Porter LLP, assist the
Debtors in their restructuring effort.  Arnold & Porter LLP is the
Debtors' special counsel.  Kaufman & Canoles, P.C., is the
Debtors' corporate counsel.  FTI Consulting is the Debtors'
financial advisor.  Kurtzman Carson Consultants LLC is the
Debtors' claims agent.

Workflow Management estimated its assets and debts at $100 million
to $500 million as of the Petition Date.

                           *********

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
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