The Morning Lowdown 10.14.10
photo: Corbis / Patricia Curi
» Sometimes saying sorry is not enough… A day after Lee Abrams, the Tribune Read more »
The Morning Lowdown 10.13.10
photo: Corbis / Patricia Curi
» AOL (NYSE: AOL) hyperlocal unit Patch has been hit with more charges of overworking its editors, while some reporters have been… Read more »
Tribune Finally Reaches A Deal With Its Creditors
photo: AP Images
It looks like Tribune Co.’s long bankruptcy ordeal may finally be coming to an end. The company, which filed for bankruptcy nearly two years… Read more »
The Morning Lowdown 10.07.10
photo: Corbis / Patricia Curi
» The NY Post’s Page Six columnist Richard Johnson is the latest prominent print journalist to make the leap to digital. But he’s… Read more »
The Morning Lowdown 10.06.10
photo: Corbis / Patricia Curi
» David Carr paints a sordid, profane portrait of The Tribune Company under Sam Zell and Randy Michaels that feels like a combina… Read more »
Eisner Downplays His Future Role At Tribune
photo: DailyCeleb.com
Michael Eisner, who recently has surfaced as a leading candidate to replace Sam Zell as chairman of Tribune once that company emerges from b… Read more »
Tribune May Still Be Bankrupt, But It Has $1.6 Billion In Cash
photo: AP Images
For a company that is mired in prolonged bankruptcy proceedings, The Tribune Company is otherwise able to bring in revenues. To be sure, a c… Read more »
Tribune Bankruptcy Plan Forced Back To Square One
photo: AP Images
The dispute among The Tribune Company and its various lenders over its plan to emerge from bankruptcy has reached an impasse and the newspap… Read more »
Tribune Follows Gannett Into The Digital Marketing Services Business
photo: AP Images
With ad dollars for magazines and newspapers continuing to shrink, publishers like Meredith (NYSE: MDP) and Gannett (NYSE: GCI) have expande… Read more »
Tribune’s Zell: Newspaper Home Delivery Likely To Be Replaced By ‘PDFs’
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Tribune Chairman Sam Zell — whose company is still in bankruptcy proceedings — went on CNBC today and explained why the bankruptcy process… Read more »
No End In Sight For Tribune’s Bankruptcy Woes
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Last spring, it looked as if The Tribune Company was nearly done with its year-long bankruptcy ordeal. But as a WSJ report shows, the newspa… Read more »
Hyperlocal Orange County News Net Ceasing Operations – But May Relaunch
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After just four months of operation, the Orange County News Network is shutting down, according to a memo obtained by the Orange County Biz… Read more »
quadrantONE Hires Datran’s Diez To Head Sales; CEO Search Begins Shortly
National newspaper online ad alliance quadrantONE has hired Datran’s Mario Diez to head up sales as it plans to launch a search for a new CE… Read more »
Perfect Market Gets $6 Million In Third Round Led By Tribune
Perfect Market, which helps publishers monetize their ‘long-tail’ content, is getting a major endorsement from one of its customers. The Tri… Read more »
Tribune’s Reorg Plan Deadline Set For March; Bondholders’ Suit Over LBO Structure Delayed
photo: AP Images
The Tribune Company’s current leadership has been given a reprieve on two legal fronts as it attempts to work its way out of bankruptcy. At… Read more »
Tribune Reorg Faces More Hurdles; Creditors Go After Backers Of Original Buyout Plan
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The clock is ticking on The Tribune Company’s deadline to come up with a reorg plan and the company is once again asking the bankruptcy cour… Read more »
Tribune Claims It Ended ’09 With $500 Million In Cash Flow
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Despite a difficult year for newspaper and broadcast companies in general, the bankrupt Tribune Company says it still managed to finish ’09… Read more »
LA Times Laying Off 80; Both The Monday Business Section, Paper Size To Shrink As Well
photo: Flickr/Alex Barth
The LA Times is cutting 80 jobs as it closes an Orange County printing plant as it tries to reduce costs further. The paper will rely on jus… Read more »
US Local News Network Partners With LA Times On Launch Of Third Local Site
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U.S. Local News Network has landed a big (and old school) partner for the launch of its third local news site, which will cover Orange Count… Read more »
PaperG Strikes Hyperlocal Ad Deals With NYT, Gannett, NY Post
Fresh from having raised a $1.1 million second round, local online ad tech provider PaperG has signed up the New York Times (NYSE: NYT) Regi… Read more »
Randy Michaels Replaces Sam Zell As Tribune CEO; Zell Stays As Chairman
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Two years, billions of dollars and one bankruptcy later, Sam Zell is out as CEO of Tribune Co. In his place and at his recommendation: Randy… Read more »
Tribune Creditors Continue To Challenge Reorg Plan
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Tribune Company management’s bid to maintain control beyond a bankruptcy court deadline is being challenged by its various creditors, E&P re… Read more »
Tribune Management Seeks Extension On Reorg Plan
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Tribune Company management under Sam Zell has sought an extension on its “exclusivity” to come up with a plan to emerge from bankruptcy, Chi… Read more »
Tribune Goes On A Diet — No AP News For One Week
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The Tribune Company’s chain of newspapers will try to see if they can do without the Associated Press news feed next week, as the bankrupt p… Read more »
Tribune Looks To ‘Universal Registration’ For Ad Targeting Across Its Websites
Tribune Company plans to have users of its various newspaper websites sign in with a “universal registration” that is designed to make it ea… Read more »
Updated: Washington Post, Bloomberg Team Up For New Syndication Service; Co-Branded Business Page
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The Washington Post and Bloomberg News are launching a new syndication service Jan. 1, 2010 — the Washington Post (NYSE: WPO) News Service… Read more »
LAT-WaPo Syndication Service Dissolved; LAT Merges Into McClatchy-Tribune Combine
The Los Angeles Times-*Washington Post* News Service, a syndication service formed back in 1962 with more than 600 clients worldwide, is bei… Read more »
Industry Moves: LAT's Artley Leaving To Head CNN.com Editorial
*Meredith* Artley is leaving as Los Angeles Times online managing editor for CNN.com to fill the global news site’s top edit job. Artley’s d… Read more »
Tribune Bondholders Demand Court Examine Zell's Buyout For Possible Fraud
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Tribune bondholders are accusing Chairman and CEO Sam Zell of fraud in his $8.2 billion deal to take the company private as part of their ef… Read more »
Tribune To Sell Control Of Cubs, Wrigley Field To Ricketts Family For $845 Million
photo: AP Photo/Charles Rex Arbogast, File
After a tortured bidding process dating back more than two years, the bankrupt Tribune Co. is selling the Ricketts family 95 percent of the… Read more »
Tribune Memo: No Liquidation, But Ownership Structure 'Likely To Change'
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The bankrupt Tribune Company’s assets will not be liquidated, COO Randy Michaels said in a memo (via Romensko), but he did appear to confirm… Read more »
Report: Zell To Lose Control Of Tribune Under Reorganization Plan
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There’s more speculation that Sam Zell may ultimately be pushed aside at the Tribune Co., which filed for bankruptcy last December. The Chic… Read more »
Even In Bankruptcy, Tribune Makes Money But Margins Keep Slipping
photo: Flickr/Alex Barth
Since filing for Chapter 11 bankruptcy protection in December, The Tribune Company has been burning through cash and though still profitable… Read more »
Updated: Tribune Close To Chicago Cubs To Ricketts Family For Nearly $900 Million
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Updated: -It’s not over ’til it’s over, as the Chicago Sun-Times is saying a contract is close, but it’s nothing has been signed and sealed… Read more »
Tribune Company Forms Ad-Sales Partnership With AH Belo
photo: Flickr/Alex Barth
Struggling newspaper companies Tribune Company and AH Belo (NYSE: AHC) (NYSE: BLC) are teaming up to sell national print and online ads, Tri… Read more »
Zell Could Wind Up Out At Tribune Under Debt Reorg
Loss of control is almost always a risk when debt is reorganized and Tribune Co.’s trip to bankruptcy court could cost Sam Zell just that. A… Read more »
Murdoch: Newspapers Must Charge For Online; Debt Is The Problem, Not Print
News Corp (NYSE: NWS). chairman and CEO Rupert Murdoch was looking very casual as he dropped in for an interview to discuss the future of ne… Read more »
IRS Audits Tribune’s ESOP; Bankruptcy Court Approves Bonuses, Denies Severance
The Internal Revenue Service is investigating Tribune Company’s ESOP (employee stock ownership plan), which was a key part of Sam Zell’s pla… Read more »
ChicagTrib’s Recipe For New Site: A Dash Of HuffPo, Stir In Some Facebook — Do Not Add Display
The Chicago Tribune will introduce a new website adjunct in June called Chicago Now that has a lot of various elements: there’s social media… Read more »
Chicago Tribune Cuts Newsroom By 11 Percent
The Chicago Tribune has cut 53 newsroom jobs, paper’s Phil Rosenthal reported (via Romenesko). While certainly not good news for the staffer… Read more »
