Sunday, January 24, 2021

TRIBUNE COMPANY WILL BE WITHOUT THE TRIBUNE AFTER AUG. 4

July 16, 2014 by · Leave a Comment 

The Tribune Co. will become purely a television company when it spins off its newspapers into a separate Tribune Publishing Co. on Aug. 4, the new publishing company confirmed on Tuesday. Let loose to stand on its own will be the newspaper that started it all, the Chicago Tribune, along with those onetime newspaper powerhouses it had acquired over the years, including the Los Angeles Times, the Orlando Sentinel, the South Florida Sun-Sentinel and the Baltimore Sun. What will remain will be the company’s 23 broadcast television stations and the cable-TV network WGN America. Eddy Hartenstein, the onetime DirecTV founder and CEO, who currently serves as publisher and CEO of the Los Angeles Times, was named chairman of Tribune Publishing. In a memo to employees, Tribune Co. chief Peter Liguori said that the Tribune newspapers are "financially sound and well-positioned for success, powered by award-winning journalism, great original content, innovative technologies, and a continuing commitment to serve the communities in which they are located."