Tribune seeks funding

Tribune Co., publisher of the Los Angeles Times, Chicago Tribune and other newspapers as well as owner of several television stations, including KTLA-TV Channel 5, sought court approval to borrow $125 million to help it operate while in bankruptcy.

The Chicago company, which filed Monday for protection from creditors, asked permission in court papers to get a $50-million letter of credit from lenders led by Barclays Bank and to increase the size of a loan to $300 million from $225 million. If approved, the loan agreements would give the company time to decide how much more money, if any, it must borrow while restructuring its debt.