Keyword: tribune

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  • “The Only Intelligible Explanation of the Incarnation”—A. T. Robertson on the Virgin Birth of Christ

    12/29/2013 2:44:54 PM PST · by rhema · 5 replies
    Albert Mohler ^ | December 27, 2013 | Albert Mohler
    The Christmas season comes each year with the expected flurry of media attention to the biblical accounts of Christ’s conception and birth. The general thrust of the secular media is often incredulity toward the fact that so many people still believe the Bible’s accounts to be true. This year, the Pew Research Center released a report on Christmas Day indicating that almost 75% of the American people affirm belief in the virgin birth of Christ. Meanwhile, the Public Religion Research Institute found markedly lower levels of belief, with just under half affirming the historical accuracy of the biblical accounts. The...
  • Tribune Co. announces restructuring; will cut nearly 700 jobs (in their newspaper division)

    11/20/2013 10:41:24 PM PST · by Zakeet · 11 replies
    Los Angeles Times ^ | November 20, 2014 | Walter Hamilton
    Tribune Co., the parent of the Los Angeles Times, unveiled a restructuring plan that will slash nearly 700 jobs over the next year. [Snip] The cutbacks indicate that the newspaper division is bracing for another drop in advertising in 2014, analysts said. Print ad revenue fell nearly $200 million in the last two years and an additional $62 million in the first nine months of this year.
  • Koch Brothers No Longer Interested in Buying Tribune Papers

    08/23/2013 12:43:37 PM PDT · by SeekAndFind · 18 replies
    New York Times ^ | 08/23/2013 | BRIAN STELTER
    Charles and David Koch are no longer contemplating a purchase of the Tribune Company’s chain of newspapers, a spokeswoman for the billionaire industrialists said on Thursday. The spokeswoman, Melissa Cohlmia, affirmed a report by the conservative news Web site The Daily Caller that said Koch Industries — where Charles is chairman and chief executive and David is an executive vice president — had concluded that the acquisition was “not economically viable.” But other acquisitions in the media industry might be: “Koch continues to have an interest in the media business, and we’re exploring a broad range of opportunities where we...
  • Orlando Sentinel’s Scott Maxwell: Rude, radical and unprofessional

    05/17/2013 10:05:21 AM PDT · by SmileRight · 10 replies
    BIZPACReview.com ^ | 5/17/2013 | Tom Tillison
    Reports that Koch Industries is exploring a bid to buy the Tribune Co.’s newspapers has Orlando’s far left in a lather over the prospect of losing “its” paper. The Orlando Sentinel is one of several Tribune newspapers, which also include the Los Angeles Times, the Chicago Tribune, the Baltimore Sun and the Sun Sentinel. Florida Watch Action organized a rally Thursday in front of the Orlando Sentinel’s offices to “fight back” against the dastardly billionaire industrialists Charles and David Koch, arch enemies of all things progressive...
  • Koch Responds to Rumors of Tribune Company Purchase

    03/14/2013 9:15:02 PM PDT · by TBP · 11 replies
    NewsBusters ^ | March 12, 2013 | Noel Sheppard
    LA Weekly on Tuesday published a story about a rumored purchase of the Tribune Company by the Koch Brothers. As you might imagine, this has gotten great attention in the media world: The latest rumor about the next owner of the L.A. Times, which is for sale, is a doozy. A bombshell. It's a doozy wrapped in a bombshell exploding inside a Drudge siren. Multiple sources tell L.A. Weekly that Charles and David Koch -- the infamous right-wing billionaire brothers -- are considering an offer on either the Tribune Co. newspaper group, which includes the L.A. Times, the Chicago Tribune...
  • Publisher (Chicago) Tribune (and LA Times) to emerge from bankruptcy on December 31

    12/31/2012 12:00:29 AM PST · by Zakeet · 11 replies
    Reuters ^ | December 31, 2012
    U.S. media giant The Tribune Co, owner of the Los Angeles Times and the Chicago Tribune, said late on Sunday it will emerge from bankruptcy on December 31, ending four years of Chapter 11 reorganization. Chicago-based Tribune said it will emerge from the Chapter 11 process with a portfolio of profitable assets that will include eight major daily newspapers and 23 TV stations. The company will also have a new board of directors. "Tribune will emerge as a dynamic multi-media company with a great mix of profitable assets, powerful brands in major markets, sufficient liquidity for operations and investments and...
  • Chicago Tribune doubling, tripling subscription rates

    11/23/2011 5:56:54 AM PST · by AT7Saluki · 10 replies
    Chicago Business ^ | 11/22/11 | Lynne Marek
    Chicago Tribune is doubling and tripling weekday delivery rates for some readers when their subscriptions come up for renewal. The newspaper, a unit of Chicago-based Tribune Co., has sent some subscribers letters notifying them of the increases; others have simply seen a higher price show up on their credit card bills. The size of the rate jump depends on what a customer was paying previously. “I'm writing to let you know that while we worked hard to maintain pricing in this challenging economy and industry for the last couple years, your current pricing is about to expire,” one letter to...
  • Tribune name change further erodes Oakland's clout

    08/26/2011 3:23:43 PM PDT · by SmithL · 5 replies
    San Francisco Chronicle ^ | 8/26/11 | Chip Johnson
    My head tells me the Oakland Tribune, the Chronicle's main competitor in the East Bay, will go on under a new name, but my heart tells a different story. Starting in early November, the Oakland Tribune and four smaller daily newspapers will operate under a single flag: the East Bay Tribune. The announcement, made Tuesday by the Bay Area News Group, which owns the Tribune, the San Jose Mercury News and 11 community papers in the Bay Area, closes an era in Oakland. The Oakland Tribune has been serving the residents of the community for 137 years. The historic Tribune...
  • Thomson Reuters starts service for U.S. news media

    12/13/2010 11:10:12 PM PST · by jackspyder · 5 replies
    Reuters ^ | Dec. 13, 2010 | Jennifer Saba
    * Thomson Reuters launches U.S. domestic news service * Service is part of "multimillion" dollar investment * Signs Tribune Co as first Reuters America client NEW YORK, Dec 13 (Reuters) - Thomson Reuters Corp (TRI.TO) (TRI.N) has launched a news service for U.S. publishers and broadcasters in a bid to win business from the Associated Press and CNN. The new service, Reuters America, provides text stories, photos and video by Reuters journalists for newspapers, television stations and online publishers. Newspaper publisher and broadcaster Tribune Co (TRBCQ.PK) is its first customer. As part of the service, Reuters America also will offer...
  • (Chicago) Tribune investors sue banks that arranged financing (Major MSM mess alert)

    10/31/2010 7:28:32 AM PDT · by Zakeet · 3 replies
    Reuters ^ | October 30, 2010
    A group of investors in bankrupt Tribune Co sued JPMorgan, Merrill Lynch, Citicorp and Bank of America, claiming the banks arranged $3.7 billion in loans in 2007 they knew the company could never repay. "The Lead Banks knew that this financing was barred by the terms of the Credit Agreement and it was tainted with fraud and other misconduct," said the lawsuit, which was filed late on Friday. Tribune, owner of the Los Angeles Times, the Chicago Tribune and 23 television stations, filed for bankruptcy in 2008, just a year after real estate developer Sam Zell bought the company with...
  • (Chicago) Tribune CEO Randy Michaels quits in wake of scandal (Big MSM mess alert)

    10/23/2010 7:49:50 AM PDT · by Zakeet · 6 replies · 1+ views
    Chicago Sun Times ^ | October 23, 2010 | David Roeder
    Friday was last call for Randy Michaels as chief executive of Tribune Co. Accused of turning Tribune Tower into a bawdy house, Michaels tendered his resignation. [Snip] Pressure grew on Michaels after a New York Times article portrayed him as creating a sexist and boorish atmosphere within the company. Within days of the story, a top Michaels subordinate sent a companywide e-mail with a link to sexual content. The subordinate, Lee Abrams, resigned last week. Creditors Friday got judicial permission to sue the company chairman, Sam Zell, for taking the company private in 2007 in a debt-laden buyout.
  • Duluth News Tribune and Other Papers Endorse Horner(I-Mn, Not Just Taking Democrat Votes)

    10/18/2010 10:59:10 AM PDT · by Son House · 23 replies
    wnmtradio.com ^ | October 18, 2010 | WMNTradio.com
    With just over two weeks until Election Day, several Minnesota newspapers are endorsing the Independence Party's Tom Horner for governor. The Star Tribune's editorial board says Horner has the best chance to overcome partisan gridlock in St. Paul. The Forum of Fargo, the Duluth News Tribune and the Bemidji Pioneer also endorsed Horner Sunday. Polls have shown Horner well-behind both Democrat Mark Dayton and Republican Tom Emmer.
  • Channel 39 changing its newscast format [Houston]

    07/25/2010 5:36:48 PM PDT · by smokingfrog · 35 replies
    chron.com ^ | July 23, 2010 | David Barron
    Channel 39 will end its traditional newscasts by this fall to launch a new format called NewsFix, which discards on-camera anchors and reporters and focuses on natural sound and video to tell stories. KIAH employees were informed Thursday about the changes, which apparently involve reassigning anchors and reporters to new, off-camera duties and signal a sharp reversal from the station's recent advertising campaign focusing on its lead anchor, Mia Gradney. Roger Bare, Channel 39's general manager, said KIAH will be the pilot program for Tribune Broadcasting's NewsFix, which is expected to launch in late September or early October. "The core...
  • Poker Party 'Desecrates Tribune Tower Shrine

    06/03/2010 11:00:18 AM PDT · by Nachum · 9 replies · 466+ views
    blogs.vocalo ^ | 6/3/10 | Robert Feder
    Photos published on Facebook show top executives of Tribune Co. — led by CEO Randy Michaels — at a gambling, drinking and smoking party in the palatial Tribune Tower office once occupied by the company’s patriarch, Col. Robert R. McCormick. “We are in the office of the guy who ran the company from the 1920s to 1955 — it’s normally a shrine,” wrote John D. Phillips, the Tribune Tower building manager who posted the photos. “We pretty much desecrated it with gambling, booze and cigars. Good thing we know the guy who runs the building!”
  • Chicago Tribune to produce pages for sister paper in Virginia (Dinosaur Media DeathWatch™)

    03/09/2010 7:05:40 AM PST · by abb · 19 replies · 81+ views
    Chicago Tribune ^ | March 8, 2010 | Phil Rosenthal
    Tribune Co.'s Virginia newspaper plans to outsource the editing and designing of much of its content to the newsroom of its corporate flagship, the Chicago Tribune, in a bid to reduce costs and focus resources on local coverage. Staff at both the Daily Press of Newport News, Va., and the Chicago Tribune were told Monday. Since last spring, the Chicago Tribune has been sending edited, formatted and headlined nonlocal stories to smaller Tribune Co. newspapers, which could then drop them onto their pages. This new plan, set to begin Tuesday, involves editing, formatting and producing whole pages for the Daily...
  • Conservative, independent...and a winner: Kirk for the Republicans (BARF ALERT)

    01/17/2010 10:58:36 AM PST · by rabscuttle385 · 36 replies · 1,022+ views
    The Chicago Tribune ^ | 2010-01-11 | Unsigned Editorial
    U.S. Rep. Mark Kirk is the favorite in the Republican primary for U.S. Senate, and for very good reason. He has been an extraordinarily effective representative of the independent-minded 10th Congressional District for a decade. His track record shows he has conservative principles and he has the instincts to succeed in Washington, no matter which party is in control. Kirk is all about fiscal responsibility. He wants to reduce the national debt, balance the budget and stop the disgraceful practice of earmarking billions of taxpayer dollars for politicians' pet projects. He's a committed free trade advocate. He's attentive to the...
  • Denver Post owner plans prepackaged Ch. 11 filing

    01/15/2010 8:09:54 PM PST · by george76 · 8 replies · 675+ views
    AP ^ | January 15, 2010
    Owner of Denver Post, Salt Lake Tribune plans prepackaged Chapter 11 bankruptcy filing. Affiliated Media Inc., the holding company for the MediaNews Group family of newspapers that includes The Denver Post, said Friday that it plans to file for Chapter 11 bankruptcy protection. The company said it would file a "prepackaged" plan already approved by lenders, which should allow it to emerge from bankruptcy more quickly. Under the plan, company debt would fall from about $930 million to $165 million. Senior lenders would swap debt for stock. Earlier this week, Morris Publishing Group, owner of 13 daily newspapers including the...
  • Chicago Tribune bumps price to $1

    01/06/2010 5:48:41 AM PST · by AT7Saluki · 25 replies · 673+ views
    Chicago Business ^ | 1/4/10 | Lorene Yue
    The news is about to get more expensive for readers of the Chicago Tribune in print, as the newsstand price goes to $1 later this month. The 25-cent increase, set to take effect on Jan. 18, will make the newspaper “priced according to its marketplace value,” according to a statement issued by Tony Hunter, publisher, president and CEO of the Chicago Tribune. The increase does not affect home delivery subscriptions or the Sunday edition. The price hike makes the Tribune one of the more expensive metro dailies in the country. The Chicago Sun-Times, Washington Post and Los Angeles Times —...
  • Tribune Co. newspapers to go a week without AP

    11/03/2009 12:20:52 PM PST · by NormsRevenge · 12 replies · 949+ views
    AFP on Yahoo ^ | 11/3/09 | AFP
    WASHINGTON (AFP) – The Chicago Tribune, Los Angeles Times and other newspapers owned by the Tribune Co. plan to cut back on use of the Associated Press (AP) next week to test whether they can do without content from the US news agency. The Chicago Tribune said the plan to "utilize as little content from the Associated Press as practical" was aimed at determining whether the Tribune Co., which declared bankruptcy in December, can sever ties with the AP. The Chicago-based Tribune Co. has been looking for ways to cut costs and in October 2008 it gave the AP the...
  • Tribune Co. newspapers won't use AP next week

    11/03/2009 7:20:01 AM PST · by re_tail20 · 17 replies · 748+ views
    Breitbart ^ | November 3, 2009 | ap
    Tribune Co., owner of The Chicago Tribune, the Los Angeles Times and several other news outlets, will not use most Associated Press content next week to test whether the financially struggling company can do without it, according to a story on the Chicago Tribune's Web site. Tribune said it will use some AP material such as sports statistics and stories it considers vital. The Chicago-based company said it is trying to determine whether severing ties with the news cooperative next fall is a viable option. The company's television stations and newspapers' online editions will not participate in the experiment. Tribune...
  • The tribune of the people falls off his horse

    09/21/2009 10:09:29 AM PDT · by Graybeard58 · 20 replies · 1,494+ views
    Renew America ^ | September 21, 2009 | Fred Hutchison
    Last November, the American people elected a man president who has never had management or executive experience, and who has only had two years experience in the Senate and a background of associations with persons of far-left ideology and those of shady character. Why did the people make this choice? Some say that Barack Obama has a messianic quality. However, columnist Charles Krauthammer (on Sept. 7) came up with another title that I think fits him better. He said that Obama fancies himself the "Tribune of the People." It is a Roman title that reminds me that Obama used balsa...
  • Chgo Trib's Eric Zorn Doesn't Mind That Teddy Got Away With Murder

    08/31/2009 10:05:21 AM PDT · by Mobile Vulgus · 13 replies · 709+ views
    Publius Forum ^ | 08/31/09 | Warner Todd Huston
    If this isn't the perfect example that liberals don't care who has to die in order to make sure that left wing policies win the day, then nothing does. We can see this prime example in Eric Zorn's horrid August 28 editorial where he thanks ... well, whatever deity leftists believe in, if any... that the country didn't quickly find out about the homicide of Mary Jo Kopechne that was committed by Teddy Kennedy in July of 1969. Zorn is happy that the news of Teddy’s crime was quashed for hours as the poor woman slowly drowned while Teddy boy...
  • Tribune Bondholders Fault Zell Takeover (Dinosaur Media DeathWatch™)

    08/27/2009 8:20:48 AM PDT · by abb · 14 replies · 483+ views
    The Wall Street Journal ^ | August 27, 2009 | JEFFREY MCCRACKEN, MIKE SPECTOR and SHIRA OVIDE
    Disgruntled Tribune Co. bondholders have asked a U.S. bankruptcy judge to let them investigate Sam Zell's 2007 buyout of the newspaper-and-television chain in an effort to derail a plan that would hand the company over to its banks. The filing, made late Wednesday, calls the $8.2 billion transaction a "fraudulent conveyance" that left Tribune insolvent from the onset of the 2007 deal. It accuses senior lenders led by J.P. Morgan Chase & Co. of completing a leveraged buyout they should have known would push the company into bankruptcy. "Fraudulent conveyance" is a legal term most often used in bankruptcy court,...
  • Trib boss Zell on way out (Dinosaur Media DeathWatch™)

    08/14/2009 6:28:15 AM PDT · by abb · 48 replies · 1,233+ views
    Chicago Sun-Times ^ | August 14, 2009 | David Roeder
    Sam Zell's days as a media titan in Chicago are nearly over. The motorcycle-riding billionaire, renowned for his deft touch with real estate and corporate turnarounds, took Tribune Co. private in late 2007 promising to energize the lumbering company. He piled on debt at exactly the wrong time, and a collapse in advertising for traditional media forced him to take the company to Chapter 11 bankruptcy. » Click to enlarge image Tribune Co. Chairman and CEO Sam Zell (AP) Eight months after the filing, two sources familiar with the process said creditors are working on a reorganization plan that elbows...
  • Tribune talking with other potential buyers on Cubs sale (Dinosaur Media DeathWatch™)

    06/19/2009 11:58:19 AM PDT · by abb · 10 replies · 541+ views
    Chicago Sun-Times ^ | June 19, 2009 | David Roeder
    For Tribune Co. boss Sam Zell, it's time to play hardball on the sale of his baseball team. Tribune said Thursday it has opened negotiations with other bidders in the sale of the Cubs. People involved in the process said Zell is trying to increase pressure on the Ricketts family to close a deal for around $900 million. After exclusively negotiating with Ricketts, no deal has closed, but one insider said it's close. Sources said Tribune, which is in bankruptcy court, has reopened talks with a New York-based investment group that includes investors Marc Utay and Leo Hindery. Chicago-based bond...
  • Lenders may get control of Tribune Co. (Dinosaur Media DeathWatch™)

    06/08/2009 2:47:27 AM PDT · by abb · 37 replies · 966+ views
    Chicago Tribune ^ | June 8, 2009 | Michael Oneal
    Chicago-based Tribune Co. and its creditors are in the early stages of negotiating a plan of reorganization in U.S. Bankruptcy Court that sources said likely would transfer control of the troubled media conglomerate from Chicago billionaire Sam Zell to a group of large banks and investors that holds $8.6 billion in senior debt. The plan is still taking shape, the sources said, and much could change as negotiations continue. But the general contours of a new capital structure are coming into focus, and the plan centers on a debt-for-equity swap that probably would give the senior lenders a large majority...
  • Bankrupt Tribune doles out bonuses

    05/14/2009 8:38:39 AM PDT · by lakeprincess · 6 replies · 400+ views
    The Washington Times ^ | 5/14/09 | Jennifer Harper
    :Two months after denouncing a troubled financial company for doling out hefty management bonuses, a bankrupt news media company is doing the same thing.
  • Chicago Tribune news staff raise concerns about subscribers getting look at news stories

    04/30/2009 5:46:36 PM PDT · by anniegetyourgun · 7 replies · 563+ views
    Chicago Tribune ^ | 4/30/09 | HERBERT G. McCANN,
    CHICAGO (AP) — Reporters at the Chicago Tribune say they believe the marketing department in recent weeks solicited subscribers' opinions on stories before they were published, a practice they said raises ethical questions, as well as legal and competitive issues. An e-mail signed by 55 reporters and editors, sent Wednesday to Editor Gerould Kern and Managing Editor Jane Hirt and obtained Thursday by The Associated Press, questions why the newspaper was conducting the surveys and what stories were used. They also wanted to know which readers were surveyed and whether any story had been altered as a result of reader...
  • Chicago Tribune reduces newsroom staff (Dinosaur Media DeathWatch™)

    04/22/2009 2:22:04 PM PDT · by abb · 42 replies · 919+ views
    Chicago Tribune ^ | April 22, 2009 | Phil Rosenthal
    The Chicago Tribune today reduced its newsroom staff, a response to the economic downturn and changes in the media business model. The exit of 53 editorial employees is part of a paper-wide cost-cutting effort. Tribune Editor Gerould Kern said in a letter to staff that cuts are part of a newsroom reorganization that “will focus us more clearly on our core mission” going forward with a newsgathering team of around 430. “With today’s actions, we are making the leap to a newsroom structure that we believe is sustainable barring further significant declines in advertising revenue,” Kern wrote. “While some are...
  • Salt Lake Tribue Blogger Mocks Tea Party Protests

    04/14/2009 2:05:39 PM PDT · by Notoriously Conservative · 8 replies · 583+ views
    Salt Lake Tribune ^ | 04 02 09 | Glen Warchol
    Obama's in for it now. Some local conservatives are throwing a "tea party." It won't be long until Utah severs relations with ol' King 'Bama.Adam Gardiner is organizing the soiree for April 15, high noon, at the Federal Building downtown. He's expecting a fist-shaking group of frustrated and powerless right wingers, including congressmen Jason Chaffetz and Rob Bishop. And you can bet publicity bottom-feeder Mark Shurtleff will be there. The A.G. has set his cap the seat of Sen. Bob "Burn a Flag" Bennett and this is just the crowd he's playing to.An this should bring tears to wing nut...
  • More Cuts Coming, 'Chicago Tribune' CEO Says (Dinosaur Media DeathWatch™)

    02/07/2009 8:20:19 AM PST · by abb · 27 replies · 1,014+ views
    Editor & Publisher ^ | February 6, 2009 | Staff
    In a memo to employees Friday, Chicago Tribune Media Group CEO Tony Hunter said there will be more job reductions at the flagship Trib and siblings such as RedEye as the company takes “decisive action” to cut cost. Hunter wrote that the unspecified changes -- including “streamlining the product portfolio” -- will “result in people leaving the organization over the next few weeks,” though he did not say how many and from what departments. The memo was first reported by Crain's Chicago Business in a Web article by Meghan Streit. Last year the Trib shrank its newsroom by about 70...
  • Tribune moves to adopt new severance plan (LA Times, et al - Dinosaur Media DeathWatch™)

    02/03/2009 1:18:13 PM PST · by abb · 11 replies · 392+ views
    Yahoo Biz ^ | February 3, 2009 | Randall Chase
    A Delaware bankruptcy judge is expected to approve the Tribune Co.'s request to implement a new severance plan for nonunion employees. Tribune attorneys said at a hearing Tuesday that they will submit a modified order for Judge Kevin Carey to sign that would provide for notice to the creditors committee and the U.S. trustee in the case before any payments are made to officers or other insiders. "We don't intend to give them more than what the market bears at this time," Tribune attorney Kevin Lantry assured the judge. Lantry said the company anticipates "a number of layoffs" this year,...
  • 2008: Signs of the (L.A.) Times (Dinosaur Media DeathWatch™)

    01/04/2009 5:50:50 AM PST · by abb · 5 replies · 529+ views
    LA Observed ^ | January 3, 2009 | Kevin Roderick
    <p>Everyone in power at the Los Angeles Times vowed that 2008 would be the year the paper stopped making news for the wrong reasons — remember how unbelievable 2007 seemed? — and rebuilt its reputation as a top-tier U.S. newspaper. Then Sam Zell came along, followed by yet another change in publisher and editor, the greatest shedding of talent in the paper's history, and more national attention for reasons other than good journalism: one of the most embarrassing retractions ever, the killing of Book Review, Opinion, Real Estate and the Los Angeles Times Poll, waves of emotional farewells, worst in the nation circulation losses, questionable online news decisions, a courtroom accusation that the Times collaborated with Anthony Pellicano, a big Guantanamo correction, and trading away of the Washington Bureau that was a foundation of the Times' national reputation. Plus more.</p>
  • Tribune Co. outlays failed to halt spiral (Dinosaur Media DeathWatch™)

    12/30/2008 5:41:49 AM PST · by abb · 10 replies · 583+ views
    Chicago Tribune ^ | December 30, 2008 | Ameet Sachdev
    Before Tribune Co. sought bankruptcy protection on Dec. 8, the Chicago-based media company and Chicago Tribune owner had spent nearly $3 million for legal work related to managing and restructuring its massive debt. Those efforts began as early as March, three months after Chicago real estate investor Sam Zell completed a deal to take Tribune Co. private in a leveraged buyout, according to court documents filed Dec. 26 by Sidley Austin, Tribune Co.'s bankruptcy counsel. Sidley's filing, as well as papers submitted to the bankruptcy court by other Tribune Co. advisers, indicate that the prospect of Chapter 11 reorganization became...
  • Blagojevich Probe Expands to Include Prison Closing

    12/26/2008 8:04:47 AM PST · by BP2 · 5 replies · 1,020+ views
    Philly.com ^ | 12/24/08 | Joe Carroll
    The federal investigation of Illinois Governor Rod Blagojevich has expanded to include his decision to shut a state-run maximum-security prison. FBI agents and investigators from U.S. Attorney Patrick Fitzgerald’s office interviewed Illinois State Senator Dan Rutherford, whose district includes the Pontiac Correctional Center, about the circumstances surrounding Blagojevich’s announcement in May that the facility would close, Rutherford said today. “Information came to me that caused me to pause,” Rutherford, a Republican from Pontiac, said in a statement on his Web site. “Since the closure of Pontiac was announced, it was obvious the decision was not made as a planned effort...
  • Tribune: After the Fall; Company's Troubles May Cost Studios (Dinosaur Media DeathWatch™)

    12/15/2008 5:15:25 AM PST · by abb · 45 replies · 716+ views
    Broadcasting & Cable ^ | December 15, 2008 | Paige Albiniak
    Warner Bros., Twentieth Television, Disney-ABC and NBC Universal face multimillion-dollar ramifications after Tribune's announcement last week that it was declaring Chapter 11 bankruptcy protection to restructure its massive debt. Tribune's 23 TV stations are among the biggest buyers of syndicated shows, including Warner Bros.' Two and a Half Men and Friends, Twentieth's Family Guy, Disney-ABC's Legend of the Seeker and NBC Universal's Maury, Jerry Springer and Steve Wilkos. Moreover, a deal to launch CBS Television Distribution's T.D. Jakes next fall is pending. The future of that show, which had been cleared on Tribune stations, is now uncertain, according to many...
  • FBI: Illinois Governor Sought To "Sell" Obama's Senate Seat

    12/09/2008 5:41:19 PM PST · by XR7 · 17 replies · 1,059+ views
    ABC News ^ | 12/9/2008 | Brian Ross
    Illinois Governor Rod Blagojevich wanted President-elect Barack Obama "to put something together&something big" in exchange for going along with Obama's choice to fill his vacant U.S. Senate seat, according to a FBI affidavit unsealed following the governor's stunning arrest. "I've got this thing and it's f***ing golden, and, uh, uh, I'm just not giving it up for f***in' nothing. I'm not gonna do it. And I can always use it. I can parachute me there," Blagojevich said in a phone call secretly recorded by the FBI on Nov. 5, the day after the election, according to the affidavit. Click here...
  • US media in deep financial crisis (Dinosaur Media DeathWatch™)

    12/09/2008 2:48:34 AM PST · by abb · 61 replies · 1,250+ views
    Times of India ^ | December 9, 2008 | Staff
    NEW YORK: Faced with declining advertising revenue and mounting debt, the US media has plunged into a deep financial crisis. The publisher of the two most popular dailies, The Los Angeles Times and The Chicago Tribune, has filed for bankruptcy. The New York Times is seeking a $225 million loan against its headquarter in mid-town Manhattan. The popular Miami Herald has been put on sale by its owner. And stocks of CBS, one of the popular new channels, have fallen below $5 in recent weeks. Most American media outlets are now struggling to survive. They have gone into massive cost...
  • Tribune Hires Advisers on Potential Bankruptcy

    12/07/2008 4:30:36 PM PST · by COUNTrecount · 23 replies · 753+ views
    NY Times ^ | Dec.7,2008 | Michael J. de la Merced, Richard Pérez-Peña and Andrew Ross Sorkin
    Tribune has hired bankruptcy advisers as the ailing newspaper company faces a potential bankruptcy filing, people briefed on the matter said. The newspaper, which was taken private last year by billionaire investor Samuel Zell, has hired advisers including Lazard and Sidley Austin, one of its longtime law firms, these people said. Tribune has been hobbled by debt related to that sale last year, which has been compounded by the growing drought of advertising for newspapers. It is only the latest — and biggest — sign of duress for the newspaper industry yet.
  • Tribune Prepares for Bankruptcy Filing

    12/07/2008 3:23:33 PM PST · by Erik Latranyi · 137 replies · 5,258+ views
    Wall Street Journal Online ^ | 7 December 2008 | N/A
    Tribune Co. is preparing for a possible bankruptcy-protection filing as soon as this week, according to people familiar with the matter, opening a new front of trouble for the newspaper industry. As Tribune continues discussions with its lenders to rework its debt load, the newspaper-and-television concern in recent days ...
  • Insider trading charges could derail Cuban's bid for Cubs (Dinosaur Media DeathWatch™)

    11/18/2008 12:37:58 PM PST · by abb · 31 replies · 376+ views
    Chicago Tribune ^ | November 17, 2008 | Ameet Sachdev
    Insider-trading charges brought Monday against Mark Cuban, an Internet entrepreneur and owner of the Dallas Mavericks basketball team, could weaken his chances of buying the Chicago Cubs. There was already some doubt whether other baseball owners would welcome the loud and brash self-made billionaire into their fraternity if he had the highest bid. Now, they have something to point to to deny him entry, said a sports economist familiar with baseball ownership decisions. "The charges give the commissioner's office another pretext for turning him down," said Andrew Zimbalist, an economics professor at Smith College. Robert DuPuy, president of Major League...
  • Zell Extends Latest Deadline For Cubs Bids (Dinosaur Media DeathWatch™)

    11/15/2008 5:10:01 AM PST · by abb · 46 replies · 648+ views
    The Wall Street Journal ^ | November 15, 2008 | Matthew Futterman
    Sam Zell's Tribune Co. has backed off its demand that a new round of bids for the Chicago Cubs arrive before Thanksgiving. Just days ago, finalists to purchase the storied baseball franchise were told to deliver revised bids and financing plans by Nov. 27. But with instability in the credit markets making the process more arduous, groups vying for the team learned late this week the deadline is now considered soft, according to two people involved with the sale. snip The shift is the latest setback for a sales process that has lasted since Mr. Zell reached a deal to...
  • Tribune Credit Rating Sinks On Shaky Cubs Sale (Dinosaur Media DeathWatch™)

    11/11/2008 5:06:42 PM PST · by abb · 13 replies · 248+ views
    Editor & Publisher ^ | November 11, 2008 | Mark Fitzgerald
    Delaying the sale of the Chicago Cubs baseball team cost Tribune Co. its semi-respectable junk bond credit rating Tuesday. After markets closed, Standard & Poor's Ratings Services downgraded its corporate credit rating to CCC from B-. Under S&P's system, the speculative-grade rating suggests that unless economic conditions turn favorable soon -- unlikely for the newspaper business -- Tribune is "not likely to have the capacity to meet its financial commitment on the obligation." S&P assigned a "recovery rate" rating of 4, suggesting debt-holders can expect to get 30 cents to 50 on the dollar in the event of a payment...
  • Tribune Company Loses $121 Million

    11/10/2008 8:01:59 PM PST · by Nachum · 29 replies · 217+ views
    New York Times ^ | 11/10/2008 | ap
    CHICAGO (AP) — The Tribune Company, owner of newspapers including The Los Angeles Times and The Chicago Tribune, along with the Chicago Cubs and Wrigley Field, said Monday that it lost $121.6 million in the third quarter as newspaper advertising revenue fell. The company, which is privately held, had net income in the comparable quarter a year earlier of $152.8 million. Revenue fell 10.5 percent, to $1.04 billion, from $1.16 billion a year ago, the company said.
  • Tribune Co. (LA Times, Chicago Trib, etc) 3Q loss of $121.6 million (Dinosaur Media DeathWatch™)

    11/10/2008 1:10:31 PM PST · by abb · 39 replies · 149+ views
    Associated Press ^ | November 10, 2008 | Staff
    Tribune Co., owner of the Los Angeles Times and Chicago Tribune, says it swung to a third-quarter loss of $121.6 million as newspaper advertising revenue fell. The loss was a steep decline from profit of $152.8 million a year ago. Revenue fell nearly 11 percent to $1.04 billion from $1.16 billion last year. "We are operating in an exceptionally difficult financial and economic environment," said Chief Executive Sam Zell, in a statement, Monday. "The newspaper industry continues to see extraordinary declines in ad revenues, and Tribune is no exception."
  • LA Times no longer has a Washington bureau (Dinosaur Media DeathWatch™)

    11/01/2008 1:33:21 PM PDT · by abb · 31 replies · 902+ views
    Poynter Online ^ | November 1, 2008 | Jim Romenesko
    This is a memo from a Los Angeles Times staffer to eight colleagues. At the source's request, I've deleted names Sent: Fri 10/31/2008 2:29 PM From: [Name removed] To: [Names removed] Subject: The worst yet: Tea with Doyle [McManus, LAT DC bureau chief] Gang, Well, let’s just say it's bad in every way it can be bad. Basically, the LAT no longer has a Washington bureau and we will be under the control of the Tribune Co., much like McClatchy is run. The much-touted 3-man committee was basically used to vote the LAT down 2-1 every time. The formal announcement...
  • The AP Take A Business Hit: TRIBUNE COMPANY DUMPS Associated Press

    10/17/2008 8:39:55 AM PDT · by rface · 5 replies · 448+ views
    American Thinker ^ | 10.17.08 | Lee Cary
    The Associated Press (AP) is being dumped by the Tribune Company. According to Editor&Publisher (link repaired), The Tribune Company has given a two-year, pink-slip notice to the AP[ snip ] Those of us who are regular news junkies have long noticed a definite bias in the AP's reporting. Radio host Rush Limbaugh refers to the news source as the "APO" - the "Associated Press Obama." [ snip ]
  • Shocker: Tribune Co. Gives Notice To Drop AP

    10/16/2008 6:02:05 PM PDT · by george76 · 43 replies · 1,611+ views
    E&P. ^ | October 16, 2008 | Joe Strupp
    Tribune Company has given a two-year notice to the Associated Press that its daily newspapers plan to drop the news service, becoming the first major newspaper chain to do so since the recent controversy over new rates began. Tribune, which owns nine daily papers including the Los Angeles Times and Chicago Tribune, joins a growing list of newspapers that have sought to end AP contracts, or given notice of that, following plans to introduce a new controversial rate structure in 2009. The notice was given earlier this week. AP Spokesman Paul Colford confirmed the cancellation notice, but said he had...
  • Chicago Tribune Debuts New Format (I hate it. Really dumbed down. Sun-times seems high-brow now.)

    10/02/2008 3:10:29 PM PDT · by prolifefirst · 13 replies · 896+ views
    Advertising Age ^ | 9/30/08 | Jeremy Mullman
    CHICAGO (AdAge.com) -- The Chicago Tribune debuted a dramatically new look, revamping itself in order to comply with a Tribune Co. dictate to have advertising account for at least 50% of the paper every day. The new Tribune is bolder, more graphics-centered and looks similar to many European newspapers. The new paper collapses the front, local and business sections into a single section, and adds a bolder, more graphics-centered look similar to many European newspapers. It also bears a stronger resemblance to the paper's youth-targeted RedEye edition, which may not be a coincidence: RedEye's founding editors, Jane Hirt and Joe...
  • Journalists of Color Hit in Tribune Layoffs (Dinosaur Media DeathWatch™)

    08/18/2008 11:03:02 AM PDT · by abb · 55 replies · 591+ views
    Maynard Institute ^ | August 15, 2008 | Richard Prince
    Paper "Is Where Minority Reporters Can Go to Die" The Chicago Tribune laid off more than 40 newsroom employees on Friday, including a disproportionate number of journalists of color, according to newsroom employees there. "Coupled with last week's voluntary exit of more than 30 journalists," the additional cutback "means the paper has cut 80 people from its editorial staff as part of cost-cutting campaign at all of parent Tribune Co.'s newspapers," Phil Rosenthal wrote on the Tribune's Web site. Among those called in Friday and told their jobs were eliminated was Ray Quintanilla, a 14-year Tribune veteran. "It's sad because...