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July 25, 2008 1:38:24 PM CDT

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Stories related to: Sam Zell

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  • July 2008

    • LA Times Insider Launches Anti-Zell Blog

      newser  |  New York Times  |  Jul 21, 08 8:14 AM CDT

      LA Times Insider Launches Anti-Zell Blog

      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 top-level resignations at the LA Times to publishing the unreleased list of employees facing layoffs. More »

      Tags

      newspaper  • journalism  • blog  • Tribune Company  • Sam Zell  • layoffs  • Los Angeles Times  • insider information

    • LA Times Publisher Exits

      newser  |  Reuters  |  Jul 15, 08 2:08 AM CDT

      LA Times Publisher Exits

      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. The editor of the Chicago Tribune, another of Zell's media properties , quit earlier yesterday. More »

      Tags

      newspaper  • Tribune Company  • Sam Zell  • Los Angeles Times  • publisher  • David Hiller

    • Chicago Tribune Editor Resigns Amid Cutbacks

      newser  |  Associated Press  |  Jul 14, 08 3:58 PM CDT

      Chicago Tribune Editor Resigns Amid Cutbacks

      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 as advertising and circulation revenues decline at its newspapers nationwide. More »

      Tags

      newspaper  • Tribune Company  • Sam Zell  • Los Angeles Times  • Chicago Tribune  • editor  • Baltimore Sun

  • June 2008

    • For Sale: Chicago Landmark

      newser  |  Chicago Sun Times  |  Jun 25, 08 9:44 PM CDT

      For Sale: Chicago Landmark

      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 that the newspaper would continue to occupy the building on a long-term lease to fetch maximum value. More »

      Tags

      Chicago  • Tribune Company  • Sam Zell  • Chicago Tribune

    • Zell's Tribune Co. Heads Toward Default on Loans

      newser  |  Bloomberg  |  Jun 19, 08 5:43 PM CDT

      Zell's Tribune Co. Heads Toward Default on Loans

      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 alone. Bloomberg takes a look at the industry as it struggles to overcome historic lows in advertising revenue. More »

      Tags

      media  • newspaper  • Tribune Company  • Sam Zell  • Chicago Tribune

    • Zell Deserves Jail for 'Dumbed Down' Papers

      newser  |  Washington Post  |  Jun 11, 08 12:35 PM CDT

      Zell Deserves Jail for 'Dumbed Down' Papers

      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," leaving the paper "dumbed down" as he trims news coverage to equal space devoted to advertising. More »

      Tags

      newspaper  • Tribune Company  • Sam Zell  • Los Angeles Times

    • Sam Zell: Saving Newspapers, or Burying Them?

      newser  |  New York Times  |  Jun 9, 08 5:58 AM CDT

      Sam Zell: Saving Newspapers, or Burying Them?

      Sam Zell and his Tribune Company announced last week that they would trim 500 pages of news each week from the conglomerate's dozen newspapers, including the LA Times and the Chicago Tribune . But is a paper split 50-50 between news and ads the solution for an industry in crisis? The New York Times looks at the viability of a radical plan. More »

      Tags

      advertising  • media  • newspaper  • Tribune Company  • Sam Zell  • Los Angeles Times  • Chicago Tribune  • downsizing

    • Honey, I'm Shrinking the Tribune Papers

      newser  |  Chicago Sun-Times  |  Jun 6, 08 4:42 AM CDT

      Honey, I'm Shrinking the Tribune Papers

      Publisher Sam Zell has announced he'll quickly slash pages and more editorial jobs to offset huge debts and  a larger-than-anticipated decline in advertising revenue at his newspapers, including the Los Angeles Times and Chicago Tribune . An 80-page edition of the Tribune could be sliced to 48 pages, reports the Chicago Sun-Times . The papers have already lost a significant number of staffers to buyouts. More »

      Tags

      Tribune Company  • Sam Zell  • debt  • Los Angeles Times  • job cuts  • Chicago Tribune  • newsroom cuts  • cost cutting

  • May 2008

    • Murdoch Drops Newsday Bid

      newser  |  Reuters  |  May 10, 08 1:44 PM CDT

      Murdoch Drops Newsday Bid

      Rupert Murdoch has dropped his $580 million bid for Newsday . Cable operator Cablevision has offered $650 million for the Long Island daily, and Murdoch’s News Corp. said a higher bid would be “uneconomical.” The media tycoon’s dropout was unexpected, Reuters says, considering Murdoch recently told investors a deal was nearly done. A $580 million bid from Mortimer Zuckerman, owner of the rival Daily News , remains on the table. More »

      Tags

      Rupert Murdoch  • News Corp  • Tribune Company  • Sam Zell  • Newsday  • Cablevision  • Mortimer Zuckerman

  • April 2008
  • March 2008
  • January 2008
  • December 2007

    • News Corp. to Sell 8 Fox Stations for $1.1B

      newser  |  Bloomberg  |  Dec 23, 07 8:47 AM CST

      News Corp. to Sell 8 Fox Stations for $1.1B

      News Corp., shifting its focus to its larger, more profitable properties, will sell eight of its medium-market Fox network TV stations to investment firm Oak Hill Capital Partners for $1.1 billion. The sale will leave the media company, which acquired the Wall Street Journal and Dow Jones for $5.2 billion this year, with 27 stations, Bloomberg reports. More »

      Tags

      Rupert Murdoch  • News Corp  • Wall Street Journal  • Fox  • Tribune Company  • Sam Zell

    • Zell Seals $8.2B Tribune Deal

      newser  |  Chicago Tribune  |  Dec 20, 07 1:16 PM CST

      Zell Seals $8.2B Tribune Deal

      Billionaire Sam Zell today sealed his bid to buy Tribune Co., proving wrong all Wall Street naysayers since his original $8.2 billion offer last April. Zell steps in as CEO and chairman, and promises sweeping reforms to the way the now-private media conglomerate will be run, the Chicago Tribune reports. "You call it CEO and I'll call it owner," Zell said of his new role. More »

      Tags

      Chicago Cubs  • Tribune Company  • Sam Zell  • Los Angeles Times  • Newsday

    • Tribune CEO Expected to Resign

      newser  |  Los Angeles Times  |  Dec 19, 07 7:02 AM CST

      Tribune CEO Expected to Resign

      Tribune Chairman and CEO Dennis FitzSimons, a 25-year veteran of the media Goliath who rose through the ranks, could resign as early as today, reports the Los Angeles Times . FitzSimons, could leave with a nearly $40 million buyout when the $8.2 billion sale of Tribune to real estate mogul Sam Zell is finalized this week. More »

      Tags

      Sam Zell

  • November 2007

    • FCC to Give Stalled Tribune Sale a Push

      newser  |  Los Angeles Times  |  Nov 29, 07 8:26 AM CST

      FCC to Give Stalled Tribune Sale a Push

      Sam Zell’s $8.2-billion bid to take the Tribune Company private got a boost yesterday from  FCC Chairman Kevin Martin, who green-lighted a two-year exemption on rules barring ownership of newspapers and broadcast stations in the same market. Zell needs waivers for five markets in which the Tribune has dual ownership, reports the Los Angeles Times . The FCC could act as soon as tomorrow, and the deal could close by year’s end. More »

      Tags

      Chicago Cubs  • FCC  • buyout  • Tribune Company  • Sam Zell  • Kevin Martin

    • FCC Chief Wants to Lift Cross-Ownership Rule

      newser  |  Los Angeles Times  |  Nov 13, 07 2:10 PM CST

      FCC Chief Wants to Lift Cross-Ownership Rule

      After weeks of speculation, FCC chairman Kevin Martin came out  today in favor of relaxing a decades-old rule barring ownership of newspapers and TV stations in the same market. In a call to reporters and an op-ed piece in the New York Times , he said the change is needed to bolster the flagging newspaper industry; he would allow cross-ownership only in the well-diversified top 20 markets. More »

      Tags

      News Corp  • FCC  • Tribune Company  • Sam Zell  • Kevin Martin

    • Why Sam Zell Is Still High on Tribune

      newser  |  New Yorker  |  Nov 10, 07 6:24 PM CST

      Why Sam Zell Is Still High on Tribune

      Billionaire real estate magnate Sam Zell, legendary for turning around distressed properties, is likely to have his riskiest play—the struggling media giant Tribune—in his hands by year’s end. The financials have only gotten worse since he made the deal, but the "extravagantly confident" Zell isn't showing any nerves as he walks Connie Bruck through it in a New Yorker profile. More »

      Tags

      Chicago  • oil  • real estate  • journalism  • Tribune Company  • Sam Zell  • Los Angeles Times  • print journalism

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