Publisher Tribune to Exit Bankruptcy December 31: Sources

Posted: 12/31/2012  |  By: Ronald Grover and Liana B. Baker | Reuters

(Reuters) - The Tribune Co, owner of the Los Angeles Times and the Chicago Tribune, will emerge from bankruptcy on December 31, sources said on Friday, ending four years of Chapter 11 protection and setting the stage for the new company to sell off its newspapers to focus on the WGN cable channel and other TV assets.