TCR_Public/110820.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, August 20, 2011, Vol. 15, No. 230

                            Headlines

ALLEN FAMILY: Posts $6.0 Million Net Loss From June 9 - July 2
GREAT ATLANTIC & PACIFIC: Has $332.6 Million Cash at July 16
SUMNER REGIONAL: Posts $240,493 Net Loss in June 2011
TRIBUNE CO: Has $14.9 Million Net Income in June




                            *********


ALLEN FAMILY: Posts $6.0 Million Net Loss From June 9 - July 2
--------------------------------------------------------------
Allen Family Foods, Inc., reported a net loss of $6.0 million on
$17.9 million of net sales for the reporting period June 9, 2011,
to July 2, 2011.

The Debtor's balance sheet at July 2, 2011, showed $58.2 million
in total assets, $61.9 million in total liabilities, and a
stockholders' deficit of $3.7 million.

A copy of Allen Family's monthly operating report is available at:

       http://bankrupt.com/misc/allenfamily.june2011mor.pdf

Allen's Hatchery, Inc., reported a net loss of $7.9 million on
$11.1 million of net sales for the reporting period June 9, 2011,
to July 2, 2011.

The Debtor's balance sheet at July 2, 2011, showed $119.7 million
in total assets, $98.6 million in total liabilities, and
stockholders' equity of $21.1 million.

A copy of the Allen's Hatchery's monthly operating report is
available at:

     http://bankrupt.com/misc/allen'shatchery.june2011mor.pdf

JCR Enterprises, Inc., reported net income of $6,334 on
$4.2 million of net sales for the reporting period June 9, 2011,
to July 2, 2011.

The Debtor's balance sheet at July 2, 2011, showed $11.4 million
in total assets, $7.0 million in total liabilities, and
stockholders' equity of $4.4 million.

A copy of the JCR Enterprises' monthly operating report is
available at:

     http://bankrupt.com/misc/jcrenterprises.june2011mor.pdf

                      About Allen Family

Allen Family Foods Inc. is a 92-year-old Seaford, Del., poultry
company.

Allen Family Foods and two affiliates, Allen's Hatchery Inc. and
JCR Enterprises Inc., filed for Chapter 11 bankruptcy protection
(Bankr. D. Del. Case No. 11-11764) on June 9, 2011.  It estimated
assets and liabilities between $50 million and $100 million in its
petition.

Robert S. Brady, Esq., and Sean T. Greecher, Esq., at Young,
Conaway, Stargatt & Taylor, in Wilmington, Delaware, serve as
counsel to the Debtors.  FTI Consulting is the financial advisor.
BMO Capital Markets is the Debtors' investment banker.  Epiq
Bankruptcy Solutions LLC is the claims and notice agent.

Lowenstein Sandler PC and Womble Carlyle Sandridge & Rice, PLLC,
serve as counsel for the official committee of unsecured
creditors.  J.H. Cohn LLP serves as the Committee's financial
advisor.


GREAT ATLANTIC & PACIFIC: Has $332.6 Million Cash at July 16
------------------------------------------------------------
On Aug. 12, 2011, The Great Atlantic & Pacific Tea Company, Inc.,
and its U.S. subsidiaries filed their monthly operating report for
the period from June 19, 2011, to July 16, 2011, with the U.S.
Bankruptcy Court for the Southern District of New York.

The Debtors reported a net loss of $677,000 on $558.3 million
of sales for the four weeks ended July 16, 2011.

At July 16, 2011, the Debtors' consolidated balance sheet showed
$2.387 billion in total assets, $3.543 billion in total
liabilities, $145.8 million in Series A redeemable preferred
stock, and a stockholders' deficit of $1.302 billion.  The Debtors
ended the period with $332.6 million in cash and cash equivalents
compared to $312.1 billion at the beginning of the period.

A copy of the operating report is available at http://is.gd/mdkgD7

                 About Great Atlantic & Pacific

Founded in 1859, Montvale, New Jersey-based Great Atlantic &
Pacific is a leading supermarket retailer, operating under a
variety of well-known trade names, or "banners" across the mid-
Atlantic and Northeastern United States.  It operates 395
supermarkets, combination food and drug stores, beer, wine, and
liquor stores, and limited assortment food stores in Connecticut,
Delaware, Massachusetts, Maryland, New Jersey, New York,
Pennsylvania, Virginia, and the District of Columbia.  "Banners"
include A&P (101 stores), Food Basics (12 stores), Pathmark (128
stores), Super Fresh (57 stores), The Food Emporium (16 stores),
and Waldbaum's (59 stores).

A&P employs roughly 41,000 employees, including roughly 28,000
part-time employees.  Roughly 95% of the workforce are covered by
collective bargaining agreements.

A&P and its affiliates filed Chapter 11 petitions (Bankr. S.D.N.Y.
Case No. 10-24549) on Dec. 12, 2010 in White Plains, New York.  In
its petition, A&P reported total assets of $2.5 billion and
liabilities of $3.2 billion as of Sept. 11, 2010.

Paul M. Basta, Esq., James H.M. Sprayregen, Esq., and Ray C.
Schrock, Esq., at Kirkland & Ellis, LLP, in New York, and James J.
Mazza, Jr., Esq., at Kirkland & Ellis LLP, in Chicago, Illinois,
serve as counsel to the Debtors.  Kurtzman Carson Consultants LLC
is the claims and notice agent.  Lazard Freres & Co. LLC is the
financial advisor.  Huron Consulting Group is the management
consultant.  Dennis F. Dunne, Esq., Matthew S. Barr, Esq., and
Abhilash M. Raval, Esq., at Milbank, Tweed, Hadley & McCloy LLP,
represent the Official Committee of Unsecured Creditors.

Great Atlantic previously obtained approval to sell assets to:

   (1) Mrs. Green's Management Corp. and Village Super Market,
       Inc., with respect to the Lot 1 Stores for $24,500,000,
       plus certain amounts;

   (2) Mrs. Green's Management Corp. and Village Super Market,
       Inc., with respect to the Lot 2 Stores for $12,500,000,
       plus certain amounts;

   (3) SUPERVALU INC., with respect to the prime leasehold
       interest and the related subleasehold interests in the
       Debtors' Superfresh banner Ellicott City, Maryland store
       as well as related inventory, furnishings, equipment,
       prescription drug inventory and customer records and
       files; and

   (4) Safeway, Inc., Walgreens Co., and Maryland CVS Pharmacy,
       L.L.C., with respect to certain prescription drug
       inventory and pharmacy customer records.


SUMNER REGIONAL: Posts $240,493 Net Loss in June 2011
-----------------------------------------------------
SRHS Bankruptcy, Inc., formerly known as Sumner Regional Health
Systems, Inc., reported a net loss of $240,493 on $0 revenue in
June 2011.

At June 30, 2011, the Debtor had $51.13 million in total assets,
$22.73 million in total liabilities, and a total fund balance of
$28.40 million.

A copy of the monthly operating report for June 2011 is
available for free at:

     http://bankrupt.com/misc/srhsbankruptcy.june2011mor.pdf

Holdings Bankruptcy, Inc., formerly SRHS Holdings, LLC. had no
revenue and expense transactions for the month of June 2011.

At June 30, 2011, the Debtor had $47,549 in total assets,
$17.18 million in total liabilities, and a total fund balance of
($17.14 million).

A copy of the monthly operating report for June 2011 is
available for free at:

   http://bankrupt.com/misc/holdingsbankruptcy.june2011mor.pdf

                     About Sumner Regional

Gallatin, Tennessee-based Sumner Regional Health Systems, Inc.,
and various affiliates provided healthcare in approximately 11
counties across Tennessee and southern Kentucky, and had assets
and liabilities at book value of almost $200 million.

On April 30, 2010, the Company and six affiliates filed for
Chapter 11 bankruptcy (Bankr. M.D. Tenn. Lead Case No. 10-04766).
Jeffrey W. Levitan, Esq., and Adam T. Berkowitz, Esq., at
Proskauer Rose, LLP, in New York, represent the Debtors as lead
counsel.  Robert A. Guy, Esq., at Frost Brown Todd LLC, in
Nashville, Tenn., represents the Debtors as co-counsel.  The
Company estimated its assets and debts at $100 million to
$500 million at the time of the bankruptcy filing.

On May 11, 2010, the United States Trustee appointed an official
committee of unsecured creditors.  The Committee has employed
Alston & Bird LLP as its bankruptcy counsel, Puryear Law Group as
its local bankruptcy co-counsel, and Deloitte Financial Advisory
Services, LLC as its financial advisor.

In June 2010, the Court entered an order approving the sale of
Sumner Regional Health Systems' four acute-care hospitals for
$154.1 million to LifePoint Hospitals Inc.  The buyer already has
48 hospitals in 17 states.

Sumner Regional Health Systems changed its name to SRHS
Bankruptcy, Inc., following the sale.


TRIBUNE CO: Has $14.9 Million Net Income in June
------------------------------------------------

                        Tribune Company, et al.
                   Condensed Combined Balance Sheet
                        As of June 26, 2011

ASSETS
Current Assets:
  Cash and cash equivalents                     $1,188,279,000
  Accounts receivable, net                         476,378,000
  Inventories                                       21,529,000
  Broadcast rights                                 137,483,000
  Prepaid expenses and other                       214,279,000
                                               ---------------
Total current assets                             2,037,948,000

Property, plant and equipment, net                 931,009,000

Other Assets:
  Broadcast rights                                 108,971,000
  Goodwill & other intangible assets, net          780,958,000
  Prepaid pension costs                              2,332,000
  Investments in non-debtor units                1,525,681,000
  Other investments                                 40,122,000
  Intercompany receivables from non-debtors      3,091,919,000
  Restricted cash                                  726,585,000
  Other                                             69,981,000
                                               ---------------
Total Assets                                    $9,315,506,000
                                               ===============

LIABILITIES & SHAREHOLDERS' EQUITY (DEFICIT)

Current Liabilities:
  Current portion of broadcast rights             $102,636,000
  Current portion of long-term debt                  2,233,000
  Accounts payable, accrued expenses, and other    431,822,000
                                               ---------------
Total current liabilities                          536,691,000

Pension obligations                                221,930,000
Long-term broadcast rights                          47,862,000
Long-term debt                                       5,450,000
Other obligations                                  159,925,000
                                               ---------------
Total Liabilities                                  971,858,000

Liabilities Subject to Compromise:
  Intercompany payables to non-debtors           3,459,117,000
  Obligations to third parties                  13,077,911,000
                                               ---------------
Total Liabilities Subject to Compromise         16,537,028,000

Shareholders' Equity (Deficit)                  (8,193,380,000)
                                               ---------------
Total Liabilities & Shareholders'
Equity(Deficit)                                $9,315,506,000
                                               ===============

                       Tribune Company, et al.
             Condensed Combined Statement of Operations
             For the Period From May 23 to June 26, 2011

Total Revenue                                     $285,050,000

Operating Expenses:
  Cost of sales                                    155,602,000
  Selling, general and administrative               86,288,000
  Depreciation                                      12,842,000
  Amortization of intangible assets                  1,323,000
                                                  ------------
Total operating expenses                           256,055,000
                                                  ------------
Operating Profit (Loss)                             28,995,000
                                                  ------------
Income (loss) on equity investments, net             1,241,000
Interest expense, net                               (4,144,000)
Management fee                                      (1,406,000)
Non-operating income (loss), net                             -
                                                  ------------
Income (loss) before income taxes & Reorg.
costs                                              24,686,000
Reorganization costs                                (4,758,000)
                                                  ------------
Income (loss) before income taxes                   19,928,000
Income taxes                                        (4,999,000)
                                                  ------------
Income (loss) from continuing operations            14,929,000
Income from discontinued operations, net
of tax                                                      0
                                                  ------------
Net Income (Loss)                                  $14,929,000
                                                  ============

                       Tribune Company, et al.
               Combined Schedule of Operating Cash Flow
             For the Period From May 23 to June 26, 2011

Beginning Cash Balance                          $1,870,011,000

Cash Receipts:
  Operating receipts                               269,901,000
  Other                                                      -
                                               ---------------
Total Cash Receipts                                269,901,000

Cash Disbursements
  Compensation and benefits                         78,697,000
  General disbursements                            131,842,000
  Reorganization related disbursements              19,487,000
                                               ---------------
Total Disbursements                                230,026,000
                                               ---------------
Debtors' Net Cash Flow                              39,875,000
                                               ---------------
From/(To) Non-Debtors                                  360,000
                                               ---------------
Net Cash Flow                                       40,235,000
Other                                                4,292,000
                                               ---------------
Ending Available Cash Balance                   $1,914,538,000
                                               ===============

                       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 (Bankr. D. Del. Lead Case No. 08-13141) on Dec. 8,
2008.  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 Dec. 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)


                           *********

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
conferences@bankrupt.com/

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 Amazon.com.  Go to
http://www.bankrupt.com/books/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
then-ending.

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.  Jhonas Dampog, 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 2011.  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.


                  *** End of Transmission ***