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The Tribune Company (NYSE: TRB) is a large American multimedia corporation based in Chicago, Illinois. It's the nation's second-largest newspaper publisher. In a press release on Tribune's website, real estate mogul Sam Zell won the bid to buyout the media company for $34 a share. He plans to turn the company private. The deal is expected to be completed some time in the fourth quarter. The buyout is for $8.2 billion--$13 billion including the Tribune's debt. The Tribune has faced severe financial problems for several months now.