U.S. media giant Tribune Co, owner of the Los Angeles Times and the Chicago Tribune, emerged from bankruptcy on Monday, ending four years of Chapter 11 reorganization.Chicago-based Tribune said on Sunday that its portfolio would include eight major daily newspapers and 23 TV stations.Tribune's controlling owners, which include hedge funds Oaktree Capital and Angelo, Gordon & Co, and JPMorgan Chase & Co intend to sell most, if not all, of its newspapers and already have expressions of interest for The Los Angeles Times, The Orlando Sentinel and others, Reuters has reported.Oaktree is the biggest Tribune shareholder, owning about 23 percent of the company while Angelo Gordon and JP Morgan each hold a 9 percent stake.
JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. Shares of JPM traded higher by 0.27% or $0.118/share to $43.36. In the past year, the shares have traded as low as $30.83 and as high as $46.49. On average, 23318400 shares of JPM exchange hands on a given day and today's volume is recorded at 2030072.
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