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NEWS ABOUT: Tribune Company

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... More »

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... More »

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... More »

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... More »

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,... More »

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... More »

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.... More »

Chicago Tribune Editor Resigns Amid Cutbacks

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

(AP) - 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... More »

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... More »

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... More »

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,... More »

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,... More »

Sam Zell: Saving Newspapers, or Burying Them?

News cuts may stem advertising losses or hemorrhage them

(Newser) - 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... More »

Honey, I'm Shrinking the Tribune Papers

Zell plans to slice pages to offset $13B debt

(Newser) - 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 ... More »

Murdoch Drops Newsday Bid

News Corp. calls matching Cablevision's $650 million offer "uneconomical"

(Newser) - 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... More »

Daily News Owner Makes Newsday Bid

Zuckerman v. Murdoch fight may hinge on who can clear FCC

(Newser) - Daily News owner Mort Zuckerman has matched Rupert Murdoch's bid for Newsday, the New York Times reports—but didn't go a penny over the $580 million the New York Post owner offered. Instead Zuckerman claimed his bid is the better one because, unlike Murdoch's, it doesn't run the risk of... More »

Murdoch Closing In on Newsday Deal

Media mogul about to grab third New York paper

(Newser) - Rupert Murdoch's News Corp. empire is closing in on a deal to buy Newsday from the Tribune Company for an $850 million package, reports Reuters. Under the terms of the deal, Newsday would be run as a joint venture with the New York Post, but the papers would remain separate... More »

Zell Turns to Radio Talent to Shake Up Newspapers

Tribune chief hiring radio veterans to help company

(Newser) - New publishing mogul Sam Zell is recruiting colorful veterans from the radio industry in a bid to help save his struggling Tribune Company, the Wall Street Journal reports. Zell is hoping the imports will spark innovation at the company, whose debt has swelled to $12.8 billion amid declining newspaper... More »

Newsday Sale Another Bad Sign in Teetering Industry

New paper owners face outlook grimmer than those that scared off predecessors

(Newser) - Just last year, Sam Zell was optimistic enough about newspapers to buy the Tribune Company. Now he’s selling Newsday, one of the conglomerate’s top publications. “The news business is something worse than horrible,” he said recently. Across the industry, gung-ho new owners like Zell are experiencing... More »

Zell Might Sell Newsday

Tribune Co. may unload paper; Rupert Murdoch is interested

(Newser) - Falling ad revenues could push Sam Zell's Tribune Company to sell Newsday, the Long Island newspaper with the 10th-highest circulation in the nation, the New York Times reports. Among those interested are Rupert Murdoch, who already owns the New York Post. Also in the running are the owner of the... More »

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