Friday, December 6, 2019

TRIBUNE CO. LOSES ITS BIGGEST STARR

December 10, 2010 by · Leave a Comment 

Tribune Co., which has parted ways with hundreds of reporters at its newspapers and television stations since Sam Zell’s takeover of the company in 2007, will be losing its most famous and most senior reporter of all. Brenda Starr, a comic-strip character who first appeared 70 years ago, is being dropped by Tribune Media Services […]

TRIBUNE CREDITORS TO SUE ZELL

December 7, 2010 by · Leave a Comment 

Just hours ahead of a Wednesday deadline, Tribune Co. lenders plan to file a lawsuit today (Tuesday) against Sam Zell, the real estate mogul who engineered the $11.7 billion leveraged buyout of Tribune in April 2007, the New York Post reported today. The newspaper said that lawyers for the lenders will accuse Zell, who put […]

RANDY MICHAELS OUSTED AT TRIBUNE

October 24, 2010 by · Leave a Comment 

Randy Michaels has been ousted as chief executive of The Tribune Company after waging a last-ditch effort to hold on to his job in the face of strident criticism of his crude management style that he brought with him from his years at rock-and-roll radio stations. The New York Times, which had earlier published an […]

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, […]

GROUP VOWS TO FIGHT TRIBUNE REORGANIZATION PLAN

April 13, 2010 by · Leave a Comment 

The Tribune Company on Monday filed a reorganization plan with the U.S. Bankruptcy Court and the FCC that would, in effect, make its creditors its new owners. The FCC’s approval is required because ownership licenses for Tribune’s 23 TV stations would have to be transferred to the new entity. However, Tribune employees at those stations […]