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Tribune leaves default status

Media firm now can sell its assets

Posted: January 1, 2013 at 4:17 a.m.

The Chicago Tribune Building is seen between two skyscrapers in downtown Chicago. The company’s started distributions to creditors after a four-year bankruptcy

Tribune Co., owner of the Chicago Tribune, the Los Angeles Times and six other daily papers, emerged Monday from bankruptcy, four years after a doomed leveraged buyout by billionaire Sam Zell led to Chapter 11 proceedings.

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Business, Pages 19 on 01/01/2013

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