Skip to: Content
Skip to: Site Navigation
Skip to: Search
SATURDAY, NOVEMBER 21, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: Tribune Company

Tribune Company stories: 50 news summaries

1 - 20 of 50 Stories | 1 2 3 Next >>

Switch to grid view »

 Tribune Sells Cubs for $800M 

Family will pay $800M for 95% stake in team, Wrigley field

Aug 21, 09 4:45 PM CDT
(Newser) - It’s official: Tribune Co. has signed an agreement to sell a majority stake in the Chicago Cubs to the Ricketts family, the Chicago Tribune reports. Picked as the winning bidder for the franchise in January, family negotiated a deal to pay $800 million for a 95% stake in the... More »

MORE ABOUT:
MLB • Chicago Cubs • Sam Zell • Tribune Company • Wrigley Field • Wrigley • Tom Ricketts

(Newser) - Executives at Rupert Murdoch's News Corp. have been meeting with rival newspaper publishers about a consortium that would charge for web content. The publishers of the New York Times, Washington Post, and Los Angeles Times are all believed to have met with Jonathan Miller, the News Corp. officer overseeing digital... More »

MORE ABOUT:
Rupert Murdoch • New York Times • Tribune Company • Washington Post • online news • New York Times Company • News Corp • newspaper industry • Jonathan Miller • Hearst

(Newser) - The bankrupt Tribune Company could emerge from protection with its top creditors—and not chairman Sam Zell—in charge, the Chicago Tribune reports. Zell exerts control based on $90 million he spent to secure the option of buying 40% of the company for $500 million, and a $250 million loan.... More »

MORE ABOUT:
media • Sam Zell • Tribune Company • Citigroup • bankruptcy • debt • JPMorgan Chase • Chicago Tribune • newspaper industry • creditor • lenders

(Newser) - Would-be Cubs buyer Tom Ricketts has approached a bunch of baseball-loving celebrities, including Bill Murray, Jim Belushi, and John Cusack, about going in with him on the team, the Chicago Tribune reports. Ricketts is asking each to pitch in $25 million, say sources—who add that Ricketts doesn’t need... More »

MORE ABOUT:
entertainment • Chicago Cubs • Tribune Company • John Cusack • Bill Murray • TD Ameritrade • John Belushi • WGN • Tom Ricketts

'I Made a Mistake' Buying Tribune Co.: Zell

Canny investor admits he backed a losing horse

Apr 15, 09 3:11 PM CDT
(Newser) - Sam Zell is famous for his business acumen. He made a near-psychic call to sell his office-property company for billions just months before the market tanked. But the magnate now tells Bloomberg another deal he made was as boneheaded, in retrospect, as the Equity Office Properties deal was prescient: buying... More »

MORE ABOUT:
newspaper • Sam Zell • Tribune Company • mergers and acquisitions • business • acquisition • Equity Office Properties

 Beatty Sued 
 Over Dick 
 Tracy Rights 

Tribune Co. says filmmaker lost rights by not using them

Mar 22, 09 4:50 PM CDT
(Newser) - A unit of the bankrupt Tribune Co. is suing Warren Beatty over the rights to the Dick Tracy character, Reuters reports. Beatty bought the rights to the hard-boiled cartoon detective in 1985 and made the Dick Tracy movie, but he has made “no productive use” of Tracy in years,... More »

MORE ABOUT:
film • Tribune Company • lawsuit • movies • Warren Beatty

(Newser) - Amid growing gloom in the newspaper business, the Los Angeles Times plans to lay off 300 workers and shelve its local news section, LA Observed reports. Foreign and national news will be downplayed to fit local stories into the front section, the publisher said in a memo today. Seventy newsroom... More »

MORE ABOUT:
Sam Zell • Tribune Company • layoffs • Los Angeles Times • newspaper industry

 Family Buying Cubs for $900M 


Jan 22, 09 7:55 PM CST
(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... More »

MORE ABOUT:
Chicago Cubs • Sam Zell • Tribune Company • baseball

 Trib Goes Tabloid on Weekdays 

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

Jan 13, 09 2:41 PM CST
(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... More »

MORE ABOUT:
newspaper • Chicago • Tribune Company • tabloids • retail sales • subscription • Chicago Sun Times • Chicago Tribune • commuters • broadsheet

 Auction for Cubs Nears End 

But team a long way from sold

Jan 6, 09 12:43 PM CST
(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... More »

MORE ABOUT:
sports • Chicago Cubs • Sam Zell • Chicago • Tribune Company • bankruptcy • baseball

FBI Circled Around Blago's Wife for a Year

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

Dec 14, 08 7:28 AM CST
(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... More »

MORE ABOUT:
real estate • Tribune Company • corruption • Illinois • governor • Rod Blagojevich • political scandal • Patti Blagojevich

(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... More »

MORE ABOUT:
Barack Obama • Tribune Company • corruption • Illinois • Wrigley Field • governor • Rod Blagojevich • political scandal • pay to play • Lady Macbeth • Patti Blagojevich

Tribune Bankrupt One Day, Engulfed by News the Next

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

Dec 10, 08 9:32 AM CST
(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... More »

MORE ABOUT:
Chicago Cubs • Sam Zell • Chicago • Tribune Company • bankruptcy • Illinois • Wrigley Field • Rod Blagojevich • Chicago Tribune • editorial independence

UPDATED

Blago Charges Go Beyond Obama Seat

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

Dec 9, 08 1:22 PM CST
(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... More »

MORE ABOUT:
Barack Obama • Patrick Fitzgerald • Tribune Company • corruption • Illinois • governor • Rod Blagojevich • political scandal • Chicago Tribune • President Obama • pay to play

 Tribune Company 
 Files for Bankruptcy 

Financing billions in debt becomes too onerous in down economy

Dec 8, 08 2:09 PM CST
(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... More »

MORE ABOUT:
Sam Zell • Tribune Company • bankruptcy • leveraged buyouts • debt • Los Angeles Times • Baltimore Sun • Chapter 11 • Chicago Tribune • financial crisis

 Tribune May File for 
 Bankruptcy This Week 

Saddled with debt, media company
looks at Chapter 11

Dec 7, 08 7:02 PM CST
(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... More »

MORE ABOUT:
Chicago Cubs • Sam Zell • Tribune Company • bankruptcy • Los Angeles Times • Chicago Tribune • newspaper industry

(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... More »

MORE ABOUT:
MLB • Chicago Cubs • Sam Zell • Chicago • Tribune Company • franchise • baseball • Crane Kenney

OPINION

Zell 'Clueless' About Journalism and Democracy

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

Dec 2, 08 3:37 PM CST
(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... More »

MORE ABOUT:
newspaper • New York Times • Sam Zell • Chicago • Tribune Company • journalism • Los Angeles Times • print journalism • Chicago Tribune

LA Times Staffers Sue Zell
for Trashing Tribune

Boss not shooting straight: lawsuit

Sep 17, 08 10:15 AM CDT
(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... More »

MORE ABOUT:
newspaper • Sam Zell • Tribune Company • lawsuit • journalist • Los Angeles Times

SEC Looking Into United Airlines Stock Glitch

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

Sep 11, 08 5:40 PM CDT
(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... More »

MORE ABOUT:
stock market • Internet • Tribune Company • news • United Airlines • SEC • Google News

1 - 20 of 50 Stories | 1 2 3 Next >>


from our news partners