The Chicago-based media company is coming out of Chapter 11 after a 
contentious four years, to be owned by a consortium of senior creditors 
Oaktree Capital Management, Angelo, Gordon & Co. and JPMorgan Chase & Co. 
to be the owners and former Fox and Discovery exec Peter Liguori expected 
to be named CEO--however it is expected that the company's holdings, 
including 23 TV stations, the WGN America cable channel and various minor 
holdings (including an equity position in The CW) to be sold:

http://www.chicagotribune.com/news/local/breaking/chi-a-new-era-dawning-for-tribune-co-20121230,0,2545308,full.story

  

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