Freedom Communications Inc. was expected to receive bids for its 100 newspapers and eight TV stations from a number of suitors before a Thursday deadline set by the company. Among firms considered likely to make bids for parts of Freedom were Tribune Co. and MediaNews Group Inc., as well as two Los Angeles-based private equity firms. Get the full story>>
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I might have missed something, but how can Tribune Co. bid on anything if it is in bankruptcy and the creditors are fighting over the crumbs, if you believe Oneal?