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Tuesday, May 22, 2012

Tribune prepares to spin off publishing, broadcast units - Marketing/media News - Crain's Chicago Business

(Crain's) — Tribune Co. is streamlining its corporate structure for the possible sale of publishing and broadcast units after its exit from bankruptcy.

The Chicago-based company recently filed a document with the Delaware court handling the bankruptcy that shows it will collect its units into fewer subsidiaries as part of its reorganization. The company also plans to create a new publishing subsidiary under the parent that will hold all its publishing entities, including eight new limited liability companies for its main English-language papers.

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