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Tribune Co. Close To Ending Bankruptcy

Nov 16, 2012, 5:32 PM
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Tribune Co, the owner of The Chicago Tribune, Los Angeles Times and 23 television stations, received regulatory approval from the FCC needed to end its nearly four-year stay in bankruptcy, reports Reuters. Tribune will transfer its broadcast licenses to the new owners who will take over the company when it emerges from bankruptcy. Tribune filed for bankruptcy in 2008.

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