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Keyword: tribunecompany

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  • Tribune Co. 'Chief Innovation Officer' Delivers More Laugh Lines

    05/25/2008 6:16:51 AM PDT · by PJ-Comix · 24 replies · 88+ views
    NewsBusters ^ | May 25, 2008 | P.J. Gladnick
    I'll say one thing for the Tribune Company's new "Chief Innovation Officer," Lee Abrams. He might not be able to solve the declining newspaper circulation problems but he is absolutely irrepressible in a very funny way. On the heels of his recent suggestion that the Los Angeles Times could solve some of its problems by repainting its news vans, we have yet another of Abrams' famous memos which goes in all directions powered by a generous dose of psychobabble. You might need to channel the late Timothy Leary to interpret Abrams' latest memo, THINK PIECE: BUSTING DENIALS AND ASSUMPTIONS,  issued last Monday...
  • Tribune Co. Hires Bizarre Radio Consultant to 'Improver' Circulation Via 'Soul'

    03/15/2008 8:03:13 AM PDT · by PJ-Comix · 14 replies · 396+ views
    NewsBusters ^ | March 15, 2008 | P.J. Gladnick
    Imagine if a comedy script is submitted to a movie producer. It would be about a major newspaper conglomerate so desperate to turn around the plunging circulation numbers of its various newspapers that it hires a wacky radio consultant as a Chief Innovation Officer to help turn it around. The radio consultant is so strange that he believes the way to improve the circulation numbers is to ensure that the newspapers have soul. He plans to do this by treating newspapers as the new rock 'n' roll.  The wacky Chief Innovation Officer announces his plans in a seemingly endless  e-mail message that wanders aimlessly for 5...
  • L.A. Times staff offered pony rides

    07/26/2006 6:52:28 PM PDT · by george76 · 56 replies · 1,106+ views
    Houston Chronicle ^ | July 25, 2006
    A Los Angeles Times editor, hoping to give his journalists a break from reporting the often grim news in America's second-largest city, offered an unusual morale booster Monday: pony rides. Managing Editor Doug Frantz ..."I hope it boosted morale..." Like many major U.S. newspapers, the Times, forced to compete with news Web sites on the Internet, has seen circulation decline.
  • Upfront TV ad sales fall behind ( Media Dino's revenue falling )

    07/05/2006 5:52:36 AM PDT · by george76 · 12 replies · 488+ views
    CNN ^ | July 5 2006 | CNN
    Advance sales for the season that begins in September are wrapping up below last year's tally... Television advertising executives are biting their nails this year as advance ad sales fall short of last year's tally... The frenzied "upfront" period, which typically accounts for about 75 percent of total prime-time ad sales... That's down about 3.4 percent from last year... "Buyers are in control," John Moore, group media director of MediaHub... "The competitive landscape is much, much different" from previous years. Networks even tried to sweeten deals this year by offering tie-ins with their online arms or product placements in the...
  • Newspaper advertising woes expected to persist throughout the year

    07/02/2006 2:35:30 PM PDT · by george76 · 15 replies · 460+ views
    Sun Sentinel ^ | June 21 2006 | Aimee Picchi
    Tribune Co., Belo Corp. and Journal Register Co. said advertising sales continue to slump, signaling the newspaper industry's woes may extend this year. Advertising sales in June "are soft and we expect first-half advertising to be flat," Donald Grenesko, chief financial officer of Chicago-based Tribune, the second biggest U.S. newspaper publisher in revenue and owner of the South Florida Sun-Sentinel, said Tuesday at the Newspaper Association of America's Mid-Year Media Review in New York... A protracted slowdown may mean increased investor pressure on publishers including Tribune, which is fending off calls from its second largest shareholder to break apart the...
  • Yusef Jackson invests in first media venture ( Burke buying another paper ? )

    06/30/2006 6:50:50 PM PDT · by george76 · 6 replies · 328+ views
    Chicago Business ^ | June 29, 2006 | Gregory Meyer
    Beer distributor Yusef Jackson has finally added a coveted title: publisher... Son of Rainbow/PUSH Coalition leader Rev. Jesse Jackson is attempting to resuscitate Radar, a saucy New York culture magazine that folded last year. He also said he’s hungry for other media properties, including the Chicago Sun-Times, for which he was an unsuccessful suitor in 2004, and possibly properties Tribune Co. sells off as it pares $500 million in assets amid a corporate restructuring. Mr. Jackson declined to say who his co-investors are in Radar. In 2004 he sought to buy the Sun-Times with California billionaire Ron Burkle, but he...
  • Tribune's 2Q net income down 62 percent

    07/14/2006 8:59:14 AM PDT · by george76 · 25 replies · 837+ views
    Yahoo ^ | July 14, 2006
    The Tribune Co., parent of the "Orlando Sentinel," has reported a 62 percent drop in net income to $87.8 million, or 28 cents a share, from $233.4 million, or 73 cents a share, a year earlier. Chicago-based Tribune (NYSE: TRB - News) also pointed to cutbacks from national advertisers and falling circulation ...
  • The Decline of Western Newspapers - Part I ( Losing readers and money because of... )

    07/14/2006 8:47:45 AM PDT · by george76 · 30 replies · 1,418+ views
    News Busters ^ | July 14, 2006 | Mithridate Ombud
    The numbers are starting to come out for newspaper earnings. Take a wild guess. The Tribune Company lost 62 percent of their earnings. McClatchy kept earnings about the same though they lost almost 5 percent of their circulation. Media General lost 47 percent from a year ago. Gannett lost 8.3 percent. Of course, none of the papers will admit that their bias and reportage are to blame for their problems. Instead it is all the fault of Internet activities, Craigslist, the uncooperative entertainment and auto industry, and a "weak operating environment." Leave it to journalists to blame even thier financial...
  • Tribune Co.: Dutch auction garners 15% of shares ( Dinos got fewer buyers than expected )

    07/02/2006 11:52:18 AM PDT · by george76 · 31 replies · 857+ views
    MarketWatch ^ | Jun 27, 2006 | Angela Moore
    Dissident group says will continue efforts for sale or breakup of company... Tribune Co. shares gained ground Tuesday, rising as the media company that's been working to revamp operations amid shareholder unrest announced the results of a Dutch tender auction. Analysts said any gains could prove short lived, however. Chicago-based Tribune Co said that about 45 million, or 15%, of its common shares were tendered and that it expects to buy the shares at a price of $32.50 each. The number of shares tendered came in 8 million short of the maximum that the company had initially authorized in the...
  • THE LA TIMES GOES DOWN, DOWN, DOWN

    01/19/2006 9:39:41 PM PST · by george76 · 110 replies · 3,275+ views
    Michelle Malkin · ^ | January 19, 2006 | Michelle Malkin ·
    Bad news tonight for Tribune Company shareholders: Shares in Tribune Co. tumbled Thursday after the media company reported a 6.1% drop in revenue last month on declines in both its newspaper and television businesses. Tribune, whose holdings include 26 television stations, 11 urban U.S. dailies and Spanish-language Hoy, said December revenue fell to $539 million from $574 million a year earlier. The company's stock fell $1.01, or 3.2%, to $30.80 in afternoon trading on the New York Stock Exchange. Tribune shares sank 28% in 2005. Advertising revenue in the publishing division fell 4.5%to $333 million, down from $349 million. The...
  • Tribune Stock Falls on Revenue Decline (Dinosaur Media Extinction Alert!!)

    01/19/2006 1:37:33 PM PST · by abb · 15 replies · 449+ views
    Editor & Publisher ^ | January 19, 2006 | Staff
    CHICAGO (AP) Shares in Tribune Co. tumbled Thursday after the media company reported a 6.1% drop in revenue last month on declines in both its newspaper and television businesses. Tribune, whose holdings include 26 television stations, 11 urban U.S. dailies and Spanish-language Hoy, said December revenue fell to $539 million from $574 million a year earlier. The company's stock fell $1.01, or 3.2%, to $30.80 in afternoon trading on the New York Stock Exchange. Tribune shares sank 28% in 2005. Revenue from the publishing unit, consisting of its newspapers, dipped 4.2% to $413 million from $431 million in December 2004....
  • Shareholders file class-action lawsuit against Tribune Co.

    05/03/2005 9:35:25 PM PDT · by Land_of_Lincoln_John · 3 replies · 336+ views
    ABC 7 Chicago ^ | May 3, 2005 | AP
    May 3, 2005 — Shareholders have filed a federal class-action lawsuit against Tribune Co. and some of its officers, alleging circulation fraud that affected the Chicago-based media company's financial results, attorneys announced Tuesday. The suit, filed in U.S. District Court in Chicago, contends Tribune violated the Securities and Exchange Act by intentionally overstating circulation at "numerous" newspapers, including Newsday and Tribune's Spanish-language newspaper Hoy, which meant the papers could charge more for advertising. Also named as defendants were Tribune chairman Dennis J. FitzSimons, senior vice president for finance Donald C. Grenesko and retired president of Tribune Publishing Jack Fuller, according...
  • Not so fast, Tribune, in dismissing Swift Boat Vets' testimony

    09/02/2004 6:24:11 PM PDT · by Land_of_Lincoln_John · 26 replies · 1,645+ views
    Illinois Leader ^ | September 02, 2004 | Peter LaBarbera
    OPINION -- There was something almost quaint about the Chicago Tribune’s editorial assertion August 24 declaring that the Swift Boat Veterans for Truth controversy surrounding John Kerry’s war record was over. Forgetting that we are in the midst of a “new media” revolution that allows everyday Americans to investigate truth claims on their own - without the clouded filter of biased journalists - the Tribune editors wrote, “That should be the end of the debate about John Kerry's experience in Vietnam.” Days before, the Tribune had injected itself prominently into the presidential campaign and the Swift Boat controversy by giving...
  • Jackson, fans reflect on legacy of '84, '88 bids

    06/27/2004 12:53:21 PM PDT · by Land_of_Lincoln_John · 7 replies · 409+ views
    Chicago Tribune ^ | June 27, 2004 | H. Gregory Meyer and Hal Dardick
    Butch Wing recalled the moment 20 years ago when Rev. Jesse Jackson showed up in Portsmouth Square in San Francisco's Chinatown. "I remember seeing 60-, 70- and 80-year-old Chinese men and women who speak very little English saying, `Run, Jesse, run. Win, Jesse, win,'" said Wing, a Chinese-American peace activist from Berkeley, Calif., who first met Jackson in 1983, when Jackson launched his first presidential bid. Jackson's "ability and desire to reach out to us" and other once-marginalized activist groups changed politics in America, Wing said Saturday at a reunion of members of Jackson's election team. That get-together came on...
  • Tribune Company (LA Times parent) Admits Inflated Circulation Numbers At Two Papers

    06/23/2004 9:44:05 AM PDT · by prfix · 29 replies · 910+ views
    The soup thickens... Tribune, the parent company of the LA Times and many other US newspapers, has found inflated circulation numbers at two of its papers, and is reviewing circulation accounting procedures at all of its papers including the LA Times
  • Chicago Tribune Fires Freelance Reporter for Making Up Source Name

    03/03/2004 9:44:56 AM PST · by chance33_98 · 7 replies · 165+ views
    Chicago Tribune Fires Freelance Reporter for Making Up Source Name CHICAGO (AP) - The Chicago Tribune said Wednesday it fired a freelance writer and former longtime foreign correspondent after he admitted fabricating the name of a source he quoted making disparaging remarks about Aborigines in a recent story from Australia. The Tribune apologized to its readers for "this breach of trust" in a brief story under its "Corrections and Clarifications" fixture on the second page of Wednesday's editions. It said Uli Schmetzer, who worked for the paper as a foreign correspondent for 16 years before retiring two years ago...