The Chicago-based Tribune Co. is finally coming out of its prolonged stint in Chapter 11--It looks like it will become known as Oaktree Tribune, owned by the private equity firm Oaktree Capital and other creditors--and it could be very possible that the various media properties (estimated total value $3B) may be sold off, including TV stations in over 20 cities and ten daily newspapers, including the hometown Tribune and LA Times--Time Out Chicago's Rob Feder wonders if the longtime relationship the Tribune newspaper and the heritage Chicago radio and TV stations known as WGN could be broken up, especially with the radio station experiencing ratings and revenue woes that are just as much the matter of being an AM station on a dying band notorious for a senior citizen audience as much as Randy Michaels' ham-handed attempts to jazz up the station during Sam Zell's tenure running the Tribune Co.: :http://timeoutchicago.com/arts-culture/chicago-media-blog/15520326/wgn-ratings-on-the-line-a-tale-of-two-stations
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