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U.S. media giant Tribune Co., owner of the Los Angeles Times and the Chicago Tribune, emerged from bankruptcy on Monday, ending four years of Chapter 11 reorganization.
Chicago-based Tribune’s said on Sunday that its portfolio would include eight major daily newspapers and 23 TV stations.
As part of the Chapter 11 exit, the company closed on a new $1.1 billion senior secured term loan and a new $300 million asset-based revolving credit facility.
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