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Tribune Co. to emerge from bankruptcy today

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It’s the last day of 2012, but it’s the first day of a new era for the Tribune Company.

After spending four years in a Chapter 11 bankruptcy case, the Chicago-based media company will emerge Monday under new ownership

Late Sunday night, the new Tribune cCompany named its board of directors, filed notification with a Delaware Bankruptcy Court, and declared its existence.

The Tribune company owns 23 television stations, eight daily newspapers, and other media assets including WGN, CLTV and WGN America

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