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Tribune Co. to put another $53M into Food Network

Tribune Co. plans to invest $53 million in its Food Network partnership in connection with the cable channel’s launch of a second culinary channel last year, a source close to the transaction confirmed Friday.

The Chicago-based parent of the Chicago Tribune and other media assets expects to file a motion regarding the investment with the bankruptcy court in Delaware Friday, the source said. Tribune Co. has been operating under Chapter 11 protection since December 2008. Get the full story »