Tribune Company’s future unknown as new owners take control

If the FCC approves the transfer of the Tribune Company’s broadcast licenses to its new owners, the Tribune Co. will emerge from Chapter 11 bankruptcy with three new owners that are far different from the previous owners.  Two investment firms and a bank will be the new owners of the Chicago-based company that owns 8 newspapers, 23 television stations and numerous other media outlets.

What direction the new owners may take is unknown at this time; however, it is a safe bet that they owners will want to do whatever is necessary to turn the company in a profit drive direction.

To read the full story see “Tribune Co.’s new owners on a mission to monetize media firm

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