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December 2, 2008 4:57:49 AM CST

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Tribune Company

Tribune Company news stories

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Zell Seals $8.2B Tribune Deal

Vows sweeping change at now-private media company

Chicago Tribune Chicago Tribune Dec 20, 07 1:16 PM CST
(Newser) - 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 »

More about:  Chicago Cubs • Tribune Company • Sam Zell • Los Angeles Times • Newsday

FCC Chief
Won't Delay Media Vote

Defiant Martin wants to relax ownership rules
in broadcast, print

Wall Street Journal Wall Street Journal Dec 14, 07 10:31 AM CST
(Newser) - FCC chief Kevin Martin will push ahead with a vote next week to allow media companies to own a broadcasting station and newspaper in the same city, the Wall Street Journal reports. The move comes despite heavy criticism from senators who say he's rushing into a major policy change without enough study. The five-member FCC is expected to approve the measure along party lines. More »

More about:  FCC • Tribune Company • Kevin Martin

FCC to Give Stalled
Tribune Sale a Push

Los Angeles Times Los Angeles Times Nov 29, 07 8:26 AM CST
(Newser) - 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 »

More about:  Chicago Cubs • FCC • buyout • Tribune Company • Sam Zell • Kevin Martin

FCC Chief Wants to Lift Cross-Ownership Rule

Says letting newspapers own TV stations in same market would aid flagging industry

Los Angeles Times Los Angeles Times Nov 13, 07 2:10 PM CST
(Newser) - 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 »

More about:  News Corp • FCC • Tribune Company • Sam Zell • Kevin Martin

Why Sam Zell
Is Still High
on Tribune

Ducati-riding magnate tells the New Yorker
his deal's golden

New Yorker New Yorker Nov 10, 07 6:24 PM CST
(Newser) - 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 »

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

FCC May Ease Rules on
Media Owners

Would allow firms to own newspapers and TV stations in same city

New York Times New York Times Oct 18, 07 6:22 AM CDT
(Newser) - FCC Chairman Kevin Martin wants to relax limits on media consolidation, starting with repealing the rule that a company cannot own a newspaper and television or radio station in the same city, the New York Times reports. The commission is split, with two Democrats opposed and three Republicans supporting, a majority that may be too fragile to change the rules. More »

More about:  Rupert Murdoch • FCC • Fox • Tribune Company • Sam Zell • Kevin J. Martin

Smoking Has Its Price, and It's $1,200 a Year

Writer blasts newspaper's owner
for ‘tobacco use fee’

South Florida Sun-Sentinel South Florida Sun-Sentinel Oct 10, 07 6:26 PM CDT
(Newser) - A South Florida Sun-Sentinel writer is crying foul over his newspaper's parent company charging a “tobacco use fee”—a health plan add-on that punishes employees for smoking. Michael Mayo says he “was completely shocked” to learn his employer would extract $100 a month from any employee who smokes or requests insurance coverage for a family member who does. More »

More about:  health insurance • Tribune Company • Los Angeles Times • South Florida Sun Sentinel

Trib to Sell Cubs Piece by Piece

Company now wants to sell franchise in parts, conflict with MLB possible

Los Angeles Times Los Angeles Times Sep 15, 07 6:38 PM CDT
(Newser) - The Cubs' owners stoked fears of a long ordeal today by announcing their plan to sell the franchise in parts. Such a sale would limit Bud Selig’s influence over the deal and might garner the Tribune Co. more cash, the Los Angeles Times reports. But selling the field, network and land separately may take more time than the Trib can afford. More »

More about:  MLB • baseball • Chicago Cubs • Bud Selig • Tribune Company • Sam Zell

Shareholders
OK Tribune Takeover

But analysts say
Zell's bid should
be lowered

Bloomberg Bloomberg Aug 21, 07 1:41 PM CDT
(Newser) - The Tribune Co.’s shareholders approved Sam Zell's $8.2 billion takeover today, nudging the publisher one step closer to private ownership. But some analysts remain skeptical that the deal will go through as planned—the company’s declining profitability since the April announcement has triggered speculation that the 26% premium Zell offered is outdated. More »

More about:  Chicago • Chicago Cubs • FCC • acquisition • JPMorgan Chase • shareholders • Tribune Company • Sam Zell • Los Angeles Times • takeover • privatization

Trib Deal Could Come Undone

Wall Street unsure of Zell takeover will go through

New York Times New York Times Aug 20, 07 3:21 PM CDT
(Newser) - The Tribune Company’s shareholders are meeting tomorrow to approve Sam Zell’s $8.2 billion takeover, but whispers persist on Wall Street that the deal will crumble. A disappointing stock price, concerns about the fading newspaper business, and a sagging credit market have convinced some analysts that Zell’s offer of $34 a share will be lowered to ease the company’s debt. More »

More about:  Wall Street • Chicago Cubs • acquisition • buyout • Tribune Company • Sam Zell • Los Angeles Times • takeover • Newsday • New York Times Company

Geffen, Zell
Talk Deal
For LA Times

Geffen wants it; Zell has $13 billion in debt to pay down

Washington Post Washington Post Apr 5, 07 3:13 PM CDT
(Newser) - David Geffen wants to get his hands on the LA Times, and he's optimistic that he may yet succeed after talking to Sam Zell, the feisty real estate mogul who bought the Tribune Company Monday. The two discussed both a spin-off and a joint venture partnership, sources close to the negotiations told the Post. More »

More about:  Los Angeles • Chicago • media • newspaper • news • Tribune Company • Sam Zell • Los Angeles Times • Ron Burkle • Eli Broad • David Geffen

Tribune Sold
To Zell

Real estate magnate will take it private; Cubs for sale

Chicago Tribune Chicago Tribune Apr 2, 07 9:45 AM CDT
(Newser) - Chicago real estate magnate Sam Zell won a last-minute bidding  war to buy the Tribune Compay with a $34-a-share offer, reports the Chicago Tribune. Zell will take the media conglomerate private in a deal that includes an employee stock ownership plan. The Cubs will be sold separately. More »

More about:  Chicago • media • Chicago Cubs • newspaper • Tribune Company • Sam Zell • Ron Burkle • Eli Broad

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