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Tribune Co. preparing to sell newspaper assets

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Tribune Co., the bankrupt owner of the Chicago Tribune, Los Angeles Times and six other daily newspapers, is interviewing bankers about selling its papers, according to two people with knowledge of the matter, Bloomberg reported. Tribune Co. is seeking an adviser for a possible sale after the company exits bankruptcy, which is slated to happen by Dec. 31, according to two people who asked not to be named because the discussions are private. Rupert Murdoch, chairman and chief executive officer of News Corp., plans to take a close look at Tribune Co.’s newspaper assets once they’re available, according to a person with direct knowledge of his thinking.