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Tribune Company Moves Closer to Emerging from Bankruptcy

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  • Description

    FBN's Robert Gray breaks down the day's business news stories.

  • Duration 0:57
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I'm Robert Gray with your Fox Business -- Wall Street rounding out the -- in a sea of green and all three major indices ended the week lower with the Dow posting its fourth straight weekly loss.

The Tribune Co.

has taken another step closer to emerging from bankruptcy the parent of WG NTV and 22 other stations as received the okay from the Federal Communications Commission.

To transfer its broadcast licenses to the new owners.

Tribune filed for Chapter Eleven protection back in 2008 and plans to transfer ownership to its main creditors.

Sitting at package with the United Parcel Service will become more expensive company here UPS is increasing the rate for items sent by -- -- half percent I don't sent overseas in the -- rise by the same amount.

And ground rates will also rise by nearly 5%.

That is the latest from Fox Business -- -- -- Howard a prosper.

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