Report: Tribune Co. to emerge from bankruptcy New Year’s Eve

UnknownReuters’ sources say Tribune will emerge from bankruptcy on December 31, “setting the stage for the new company to sell off its newspapers to focus on the WGN cable channel and other TV assets.” UT-San Diego owner Doug Manchester and Orange County Register owner Aaron Kushner are said to be interested in the company’s papers. || Associated Press: “Kushner cautioned that he hasn’t examined Tribune’s finances but signaled he would move quickly if he determined its newspapers are a good fit.”

* Sources say Tribune will exit bankruptcy Dec. 31 (Reuters via