Tribune Watch: Shareholders Back Buyout; Financing, Fed Approval Next Hurdles

Tribune Company (NYSE: TRB) took another step towards going private today when shareholders approved the $8.2 billion buyout. According to AP, preliminary results showed 97 percent approval of the deal constructed by Chicago billionaire Sam Zell. But it’s far from done — when the plan was announced last spring, the hope was to finish by the end of the year. The deal still faces regulatory approval and the now-iffier financing climate.

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