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Tribune deal is done

The parent company of the LAT and KTLA finally completed its $8.2 billion buyout this morning. Real estate mogul Sam Zell, who engineered the deal to go private, becomes chairman and CEO. Chicago-based Tribune is left with about $12 billion in debt.


More by Mark Lacter:
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Recent stories on LA Observed:
Barry Diller's many paychecks
Say hello to the marijuana vending machine - and it's made in California
Good tip for job candidates: Always ask questions
Former Calpers CEO charged with fraud*
The Walmart story that everyone is talking about
Previous story: How busy is FedEx?

Next story: *Zell lays out his plans

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