Saturday, December 14, 2019

TRIBUNE EMERGES FROM BANKRUPTCY

December 31, 2012 by · Leave a Comment 

Tribune Co. is due to emerge from Chapter 11 bankruptcy protection today (Monday) with a new board composed mostly of TV and movie executives who have had little experience running either newspapers or television stations, Tribune’s principal properties. It owns eight newspapers, including the Chicago Tribune, the Los Angeles Times, the Baltimore Sun, and the […]

WILL TRIBUNE MEDIA EMPIRE NOW BE BROKEN UP?

June 7, 2012 by · Leave a Comment 

The once-mighty Tribune Corporation, which owns a slew of newspapers, radio and TV stations and interests in cable channels is about to exit bankruptcy protection, but with a future no brighter than it was when it entered it three years ago. The company will emerge with new owners — principally the companies that lent it […]

REPORT: TRIBUNE SET TO FIRE ITS CEO

October 19, 2010 by · Leave a Comment 

UPDATE: Tribune CEO Randy Michaels emerged from a meeting of The Tribune Co.’s board of directors Tuesday, remarking to reporters: “I work here today and I’m still working.” The Tribune Company is expected to fire CEO Randy Michaels today (Tuesday), days after Michaels himself dismissed another top executive, Lee Abrams, as its chief innovation officer, […]

87-YEAR-OLD LOS ANGELES TV NEWSMAN STEPPING DOWN

August 11, 2010 by · Leave a Comment 

Stan Chambers, who has worked as a newsman for the same television station, KTLA in Los Angeles, for the past 63 years, a record in the broadcast news business, is retiring from the station today (Wednesday) at the age of 87. In an interview with today’s Los Angeles Times Chambers remarked, “I really do feel […]

TRIBUNE DEAL: BORN BANKRUPT

July 27, 2010 by · Leave a Comment 

The examiner appointed by a Delaware bankruptcy court to evaluate claims that the sale of the Tribune Co. to a group headed by real-estate billionaire Sam Zell was conducted fraudulently appeared to be of two minds concerning the transaction as he submitted his findings in an almost 700-page report on Monday. The $8.2-billion deal consisted […]

TRIBUNE TV STATIONS TO REVAMP NEWSCASTS

May 4, 2010 by · Leave a Comment 

The new president of Tribune Broadcasting has vowed to shake things up at its 23 owned-and-operated TV stations. Jerry Kersting, who was appointed to the post on Monday, said in a statement, “We intend to shake up traditional local television news by doing things differently and giving viewers innovative broadcasts and a clear choice in […]