Thanks for your bugreport.
I concert this to a question, please edit the file
/etc/apt/sources.list
and go to line "63" there and put a "#" in front of the line.
** Changed in: update-manager (Ubuntu)
Status: New => Invalid
** bug changed to question:
https://answers.edge.launchpad.net/ubuntu/+source/update-manager/+question/64332
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Could not initialize the package information
https://bugs.launchpad.net/bugs/343071
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