Summary Box: Tribune to revise bankruptcy plan

OPTIMISM: Tribune Co. officials believe they can still win a judge’s approval to emerge from bankruptcy protection by making changes to their reorganization plan.

WHAT SPARKED THIS: A bankruptcy judge on Monday rejected Tribune’s plan and a competing one from a group of dissident creditors.

WHY HOPEFUL: Tribune officials note that the ruling contains several parts favorable to the company. Tribune will try to submit a revision before a Nov. 22 meeting in bankruptcy court in Delaware.