Bankruptcy judge will OK new ownership for Tribune Co.

Tribune Co. lurched into bankruptcy court less than a year after a bid to take the company private led by Chicago billionaire Sam Zell left it with a $13 billion tower of debt just as the economy and advertising markets began to collapse. Since then, Tribune Co. has lost thousands of employees, endured an embarrassing management crisis and, like all traditional media companies, struggled to find a new business model as the proliferation of websites and mobile devices transform how people receive and consume news.

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