Chicago Tribune Cutting Newsroom 20 Percent
The bleeding isn’t stopping at the Chicago Tribune, as Crains Chicago Business reports that (via E&P) the paper told employees last week tha… Read more »
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Labor Dept. Investigating Tribune Company’s Stock Ownership Plan
By David Kaplan
Tribune Company’s ESOP (employee stock option plan), which was a major component in Sam Zell’s purchase of the publisher two years ago, has… Read more »
Newspaper Roundup: LAT; Boston Globe; Seattle P-I; McClatchy; Paywalls
By David Kaplan
– LAT’s large front page ad draws protests from editorial staff: About 100 staffers at the struggling Tribune Company paper have petitioned… Read more »
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Some Suggestions For The AP, Care Of The Music Industry
By Rory Maher
Here we go again. Another major content creator is threatening to sue internet companies after years of having them nip at its heels by repu… Read more »
Dues To Pay: A Look At Newspaper Chains' Exposure To Unions
By Rory Maher
Organized labor dominates the ranks of newspaper publishing like no other industry, except for perhaps Detroit’s automakers. And like the ca… Read more »
Who Would Want To Buy A Newspaper? Eli Broad Resurfaces
By Rory Maher
Back in 2007, when Sam Zell was swooping in to buy the Tribune Company, Eli Broad was mentioned as a possible last-minute bidder for its fla… Read more »
Tribune Forms ‘Online Entertainment News’ Bureau; LAT and Zap2It Merge Efforts
By Rafat Ali
Tribune, still in the middle of its Chapter 11 bankruptcy proceedings, has expanded into something new, for a change: it has formed an onlin… Read more »
LAT Cutting 300 Jobs, 70 In Editorial; Local News Folded Into Main Section
By David Kaplan
Tribune Company’s Los Angeles Times just keeps on cutting. On its third round of layoffs in less than six months, LAT is cutting 300 positio… Read more »
NYTCo In Talks To Sell Part Of Building; Tribune Finds New Cubs Owner
By David Kaplan
Desperate to free up much-needed cash as the newspaper business struggles onward, the New York Times Co (NYSE: NYT). and Tribune Company are… Read more »
Fitch Highlights Newspapers’ Credit Problems; Sticks Liberty Media On Watch List
By David Kaplan
Newspapers in general and cable company Liberty Media (NSDQ: LINTA) come out mostly negative in credit-rating agency Fitch’s first Media & E… Read more »
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Newspaper Roundup: NYT; Lee; Gannett; Hoy; AsianWeek; Pew Research
By David Kaplan
– CBS makes NYT’s front page (in an ad): Trying to stave of further ad revenue declines, the NYT has accepted its first display ad on the f… Read more »
Washington Post, Baltimore Sun Will Share Some Sports, Maryland Coverage
Another sign of how newspapers and other media outlets are trying to change models in tough times … In one of the highest-profile examples… Read more »
Sam Zell’s Plan D: It’s All About Buying Time
By Rafat Ali
[Guest post by Ken Doctor, Content Bridges] Sam Zell’s House of Cards has fallen flat. Today’s bankruptcy filing changes everything and noth… Read more »
Tribune’s Ch. 11: Its Debt to Media Companies
By Rafat Ali
From Tribune’s Chapter 11 filing, some of the media-related creditors Tribune owns money to, besides the big banks:
– Total Debt: $12,972,… Read more »
Tribune’s Ch. 11: Its Letter To Advertisers
By Rafat Ali
Tribune has sent out a letter to its advertisers across newspaper, TV and other publishing outlets, trying to assure them about its Chapter… Read more »
Tribune Files For Ch. 11 Bankruptcy Protection; Cubs Not Included In Filing
By Rafat Ali
Tribune has filed for Chapter 11 protection this morning, in bankruptcy court in Wilmington, Delaware. This comes after the news yesterday t… Read more »
Tribune Hires Bankruptcy Advisers; May File Ch. 11 This Week
By Rafat Ali
Tribune, the Sam Zell-owned newspaper chain, has hired bankruptcy advisers in an attempt to stave off potential bankruptcy filing, reports N… Read more »
Newspaper Roundup: Tribune Cuts 11; Bakersfield Cuts 25; Scripps To Sell Rocky Mountain News
By Rafat Ali
– Chicago Tribune cuts 11 jobs: As part of those layoffs, The Tribune Company flagship is also letting its two New York correspondents go.… Read more »
After Layoffs, Newspapers Embrace Content Sharing; McClatchy And CS Monitor Exchange Foreign Reports
By David Kaplan
As the newspaper industry’s prospects darken, and rounds of buyouts and layoffs have left little room for more cuts, The McClatchy Company (… Read more »
Earnings: Tribune Loses $124 Million In Q3; Severance, Writedowns Take Heavy Toll
Tribune CEO Sam Zell’s entry in the understatement of the week contest: “We are operating in an exceptionally difficult financial and econom… Read more »
LA Times Cuts 75 Newsroom Jobs; 10 Percent Of News Staff Laid Off
By David Kaplan
Now they’re cutting sinew, there’s nothing left but bone… The Los Angeles Times is cutting 75 newsroom jobs, or 10 percent of its news sta… Read more »
Editors React To AP Rate Cut: ‘A Good Starting Point’ Or ‘This Changes Nothing’
By David Kaplan
The Associated Press’ decision to revise its controversial member pricing plan received a mixed reaction from editors at newspapers that hav… Read more »
Tribune Considers Dropping AP Wire Service Within Two Years
By David Kaplan
The Tribune Company is the latest newspaper publisher to give the Associated Press notice that it is considering dropping its services in tw… Read more »
Interview: Tribune’s Abrams On Redesign: Bringing The Five Stages Of Grief Down To Three
By David Kaplan
Call it Top Design Newspapers. Seven of Tribune Company’s daily metro papers have gone through major redesigns. As the Los Angeles Times ove… Read more »
@ Media & Money: No Government Bailout For Newspapers; WSJ’s Thompson: Newspapers Already Non-Profit
By David Kaplan
Given the level of distress throughout the newspaper business these days, maybe the industry should consider lobbying Capitol Hill for a bai… Read more »
Newspaper Roundup: LAT; Star-Ledger; East Valley Tribune; Cleveland Plain Dealer
By David Kaplan
– LAT slashes 75 editorial jobs: Editors at the Tribune Company paper met over the weekend to draw up lists of those whose jobs would be cu… Read more »
Zell To LAT Staffers: We’re In This Together; Lawsuit Charges Are ‘Frivolous’ and ‘Unfounded’
By David Kaplan
Tribune chairman and CEO Sam Zell struck back at a class action lawsuit brought against him by a group of current and former LA Times staffe… Read more »
Jack Nelson Among Current, Ex Tribune Co Staffers Suing Zell; Claim ‘Scam’
Current and former members of the Tribune Co. Employee Stock Option Plan (ESOP) and various retirement programs sued Sam Zell in U.S. Distri… Read more »
Newspaper Roundup: Gannett; Orange County Register-LAT; Transcontinental Media; Tribune
By David Kaplan
– Gannett August revs drop 16.8 percent (PDF): Given the troubles in the financial services sector this week, the newspaper industry’s woes… Read more »
SEC Looks Into UAL Stock Scare; Implications For Online News?
A ton of digits have been devoted to this in other spots but the SEC’s decision to investigate takes it to another level. The backstory: a s… Read more »
Newspaper Roundup: McClatchy; Tribune Company; Chicago Tribune
By David Kaplan
– McClatchy: North Carolina papers The News & Observer of Raleigh, and The Charlotte Observer are asking hundreds of staffers to accept buy… Read more »
Gannett Pays Tribune $135 Million To Acquire Majority Stake In CareerBuilder
By David Kaplan
Gannett (NYSE: GCI) has acquired an additional 10 percent stake in CareerBuilder from the troubled Tribune for $135 million. That gives Gann… Read more »
Industry Moves: Tribune Entertainment’s Morehouse Defects To Startup
By David Kaplan
Another Tribune Company exec departs… Clark Morehouse is the latest to leave Sam Zell’s house, exiting as head of Tribune Entertainment to… Read more »
LA Times Group Joins In Launching Real Estate Auction Buiness and Site ZetaBid
By Rafat Ali
As the print side keeps bleeding, the Los Angeles Times Media Group keeps trying to extend into other platforms, both offline and online: th… Read more »
Industry Moves: Clear Channel Signs Multi-Year Contracts With Senior Execs; Promotes Online Head
By David Kaplan
This is funny, if only in a non-funny way: Perhaps Clear Channel (NYSE: CCU) Radio is concerned about Sam Zell poaching more of the company’… Read more »
Not The Typical Quarter: Newspaper Websites’ Revenue Growth Interrupted In Q2; Slowdown Continues
By David Kaplan
When newspaper companies released their quarterly earnings for the past two years, the news tended to follow this arc: circ, print ad revenu… Read more »
LA Times Names Former DirecTV Head Hartenstein As Publisher; Zell Says LAT’s A Keeper
By Rafat Ali
The embattled newspaper Los Angeles Times has named Eddy Hartenstein, the former head of DirecTV, as its new publisher, a story first broken… Read more »
Earnings: Tribune Q2 Revs Fall 5.7 Percent; Takes Huge Loss On Writedown; Interactive Down
By Joseph Weisenthal
Privately held Tribune isn’t bucking any industry trends… The Sam Zell-owned company has reported Q2 revenue of $1.1 billion, down 5.7 per… Read more »
News Flash: Some Things Are Going Well at LA Times
By Rafat Ali
Yes, believe it or not, some things are doing well at the embattled LA Times, and as expected, it is the online side. Some traffic numbers,… Read more »
Industry Moves: Tribune’s Silver Joins Yahoo Newspaper Consortium As Exec Director
By David Kaplan
Michael Silver, a former veteran exec with the The Tribune Company for two decades, is taking on the new post of executive director of the Y… Read more »
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