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Old 12-27-2007, 04:27 AM   #1
 
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Post News Corp. sells O&Os


Front Page: Tribune sets up joint venture with buyer -- The TV station biz saw an end-of-year flurry of dealmaking late last week. News Corp. confirmed it will shed some of its stations in medium- and small-sized markets, while Tribune Co. has set up a joint station management venture with the company that is buying those eight outlets from News Corp. for $1.1 billion.

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