Tribune Company

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Family Buying Cubs for $900M
 Family Buying Cubs for $900M 
Jan 22, 2009 7:55 PM CST

Family Buying Cubs for $900M

(Newser) - It looks like the Cubs are returning to family ownership, the Chicago Tribune reports. The billionaire Ricketts family is the winning bidder to buy the baseball team from Sam Zell's Tribune Co. The $900 million deal isn't sealed yet—other baseball owners must approve, for one thing—but it's expected...

Trib Goes Tabloid on Weekdays
 Trib Goes Tabloid on Weekdays 
Jan 13, 2009 2:41 PM CST

Trib Goes Tabloid on Weekdays

Newspaper will be smaller on newsstands, remain broadsheet for home deliveries

(Newser) - The Chicago Tribune is changing its street-sale format from broadsheet to tabloid beginning next week, the newspaper reports. The move, which will affect weekday retail editions but not subscription copies, puts the paper in direct competition with its rival, the Chicago Sun-Times, which has long published in the format. The...

Auction for Cubs Nears End
 Auction for Cubs Nears End 
Jan 6, 2009 12:43 PM CST

Auction for Cubs Nears End

But team a long way from sold

(Newser) - The bidding for the Cubs is nearly over. The Tribune Co. could select a winner from the three finalists within a week to 10 days, the Chicago Tribune reports, but that doesn’t necessarily mean the team is about to be sold. Tribune would still need to negotiate with the...

FBI Circled Around Blago's Wife for a Year

She dropped real estate work amid questions about clients paying for influence

(Newser) - She's known for ranting on an FBI tape—but that wasn’t the first time Patricia Blagojevich’s name has surfaced in the corruption probe of her governor husband, the Chicago Tribune reports. A federal investigation that began a year ago prompted Mrs. Blago to quit real estate work amid...

Complaint Shows Blago's Wife Plotted With Him

(Newser) - Rod Blagojevich's wife was deeply involved in his alleged scheming, the Chicago Tribune reports, based on details in the federal complaint against the Illinois governor. Though Patricia Blagojevich has not been charged with a crime, she was a vocal party to wiretapped conversations. In one recording, she can be heard...

Tribune Bankrupt One Day, Engulfed by News the Next

Chicago institution breaks Blagojevich news, and is a player in corruption allegations

(Newser) - What a difference a day makes for the Chicago Tribune, which yesterday broke the story of Illinois Gov. Rod Blagojevich’s arrest, and was itself an object of his alleged corrupting intentions—just a day after its parent company declared bankruptcy, the Wall Street Journal notes. “It’s pretty...

Blago Charges Go Beyond Obama Seat
Blago Charges Go Beyond Obama Seat
UPDATED
Dec 9, 2008 1:22 PM CST

Blago Charges Go Beyond Obama Seat

'Breadth of corruption' would 'make Lincoln roll over in his grave'

(Newser) - In addition to bartering over President-elect Obama’s vacant Senate seat, Illinois Gov. Rod Blagojevich sought campaign contributions in return for government action, and attempted to influence the editorial board of the Chicago Tribune, the Sun-Times reports. The FBI released transcripts of incriminating conversations today. “The conduct would make...

Tribune Company Files for Bankruptcy

Financing billions in debt becomes too onerous in down economy

(Newser) - The Tribune Company filed today for Chapter 11 bankruptcy protection, due to mounting debt and an inability to pay interest in the floundering economy, the Wall Street Journal reports. Tribune’s profits declined 83% in the third quarter, making it difficult to finance $12 billion in debt. The company has...

Tribune May File for Bankruptcy This Week

Saddled with debt, media company looks at Chapter 11

(Newser) - The Tribune Co. has hired a financial adviser to help it file for bankruptcy as early as this week, the Wall Street Journal reports. Facing $12 billion in debt and shrinking profits, the owner of the Chicago Cubs and several newspapers has also brought in legal counsel to guide it...

Cubs Brass Hope to Sell By February

(Newser) - Chicago Cubs brass expects the team to be sold by spring training, the Tribune reports. The chairman of the team, which is in the midst of a century-long title drought, says it is reviewing bids and could have a deal in place by February. Crane Kenney also shot down rumors...

Zell 'Clueless' About Journalism and Democracy
Zell 'Clueless' About Journalism and Democracy
OPINION
Dec 2, 2008 3:37 PM CST

Zell 'Clueless' About Journalism and Democracy

What he's done to, and says about, Tribune Co. shows fundamental misunderstanding

(Newser) - Sam Zell may or may not turn the Tribune Company around, but his ownership has crippled “real newsgathering,” Peter Osnos writes in the Daily Beast. “If Tribune goes down, he will still be very rich,” Osnos continues, “but he will have presided over the evisceration...

LA Times Staffers Sue Zell for Trashing Tribune

Boss not shooting straight: lawsuit

(Newser) - A group of current and former Los Angeles Times journalists is suing the Tribune Company for recklessly mismanaging the chain of newspapers, the Wall Street Journal reports. The suit claims billionaire boss Sam Zell has trashed the company in a hunt for quick profits, destroying the value of their pension...

SEC Looking Into United Airlines Stock Glitch

Stock slid hard on bad, old info picked up by automated Google news service

(Newser) - The Securities and Exchange Commission is looking into the recent, but temporary, nosedive in United Airlines stock spurred by the republication of a 6-year-old article about the company’s bankruptcy, the Wall Street Journal reports. The agency has begun a preliminary investigation to see whether any shady behavior was involved,...

LA Times Insider Launches Anti-Zell Blog

Anonymous journo bashes paper's owner as heads keep rolling

(Newser) - Heads continue to roll at the Tribune Company, but one staffer is aiming to prove the pen is mightier than Sam Zell's ax, reports the New York Times, with new blog TellZell.com. The site is airing the gripes of Tribune's disgruntled journalists, and is finding plenty of fodder—from...

LA Times Publisher Exits
 LA Times Publisher Exits 
Jul 15, 2008 2:08 AM CDT

LA Times Publisher Exits

Tribune Co. loses another top-level staffer as it prepares for big job cuts

(Newser) - A bad day for the Tribune Company got even worse yesterday with the resignation of Los Angeles Times publisher David Hiller, Reuters reports. Hiller is leaving after less than 2 years with the paper as Tribune owner Sam Zell prepares to cut jobs again and reduce pages at his papers....

Chicago Tribune Editor Resigns Amid Cutbacks

Ann Marie Lipinski ends 7-year run in job 'not the fit it once was'

(Newser) - Chicago Tribune editor Ann Marie Lipinski handed in her resignation today after 7 years in the top post at the Tribune Company's flagship paper. Lipinski's departure comes a week after the 161-year-old newspaper told its staff it would eliminate about 80 newsroom jobs amid a broad effort to cut costs...

For Sale: Chicago Landmark
 For Sale: Chicago Landmark 
Jun 25, 2008 9:44 PM CDT

For Sale: Chicago Landmark

Tribune Tower may hit market as Zell looks to pay down debt on giant media company

(Newser) - Saddled by debt from his acquisition of the Tribune Company media empire, billionaire Sam Zell may sell off the iconic Chicago headquarters of the Tribune newspaper, he said yesterday. The 83-year-old Tribune Tower could fetch $250 million, analysts told the Sun-Times, with Zell likely needing to assure a new owner...

Zell's Tribune Co. Heads Toward Default on Loans
Zell's Tribune Co. Heads Toward Default on Loans
analysis
Jun 19, 2008 5:43 PM CDT

Zell's Tribune Co. Heads Toward Default on Loans

Newspapers reeling from low ad revenue

(Newser) - As the newspaper industry continues its accelerating skid into the red, even billionaire Sam Zell's Tribune Company is on track to default on its massive loans as soon as the end of the year, an analyst predicts. The parent of the Chicago Tribune and Los Angeles Times is far from...

Zell Deserves Jail for 'Dumbed Down' Papers
Zell Deserves Jail for 'Dumbed Down' Papers
OPINION
Jun 11, 2008 12:35 PM CDT

Zell Deserves Jail for 'Dumbed Down' Papers

'Visiting Visigoth' trashes serious journalism at LA Times

(Newser) - Sam Zell isn't just diminishing the great newspapers he bought in acquiring the Tribune Company, Harold Meyerson writes in the Washington Post—he's doing a grave disservice to cities that have supported the likes of the Los Angeles Times. "Zell has taken bean counting to a whole new level,...

News Writers Should Strive to Write as Much as Possible, Says Tribune Co.

Longer is better, right?

(Newser) - The Tribune Co., which as you have probably guessed is the company that produces the Chicago Tribune, among other newspapers, is bringing a revolution, or a big change, to the news business. Tribune Co.’s Chief Operating Officer, Randy Michaels, has decided to start measuring productivity by word count,...

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