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New ETA for Tribune to Exit Bankruptcy

Oct 29, 2009  •  Post A Comment

Tribune Co. isn’t expected to exit bankruptcy by the end of the year, as planned, Bloomberg reports.

Sam Zell, the company’s chairman and chief executive, said in an interview with Bloomberg Television that Tribune may emerge from bankruptcy in 2010, instead.

“With some reasonable luck, it will be out sometime by the end of the first quarter,” Zell said in the interview.

–Elizabeth Jensen

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