Tribune Company

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Sam Zell: Saving Newspapers, or Burying Them?
Sam Zell: Saving Newspapers, or Burying Them?
Analysis
Jun 9, 2008 5:58 AM CDT

Sam Zell: Saving Newspapers, or Burying Them?

News cuts may stem advertising losses or hemorrhage them

(Newser) - Sam Zell and his Tribune Company announced last week that they would trim 500 pages of news each week from the conglomerate's dozen newspapers, including the LA Times and the Chicago Tribune. But is a paper split 50-50 between news and ads the solution for an industry in crisis? The...

Honey, I'm Shrinking the Tribune Papers

Zell plans to slice pages to offset $13B debt

(Newser) - Publisher Sam Zell has announced he'll quickly slash pages and more editorial jobs to offset huge debts and  a larger-than-anticipated decline in advertising revenue at his newspapers, including the Los Angeles Times and Chicago Tribune. An 80-page edition of the Tribune could be sliced to 48 pages, reports the Chicago ...

Murdoch Drops Newsday Bid
 Murdoch Drops Newsday Bid 
May 10, 2008 1:44 PM CDT

Murdoch Drops Newsday Bid

News Corp. calls matching Cablevision's $650 million offer "uneconomical"

(Newser) - Rupert Murdoch has dropped his $580 million bid for Newsday. Cable operator Cablevision has offered $650 million for the Long Island daily, and Murdoch’s News Corp. said a higher bid would be “uneconomical.” The media tycoon’s dropout was unexpected, Reuters says, considering Murdoch recently told investors...

Daily News Owner Makes Newsday Bid
Daily News Owner Makes Newsday Bid
Apr 26, 2008 6:02 AM CDT

Daily News Owner Makes Newsday Bid

Zuckerman v. Murdoch fight may hinge on who can clear FCC

(Newser) - Daily News owner Mort Zuckerman has matched Rupert Murdoch's bid for Newsday, the New York Times reports—but didn't go a penny over the $580 million the New York Post owner offered. Instead Zuckerman claimed his bid is the better one because, unlike Murdoch's, it doesn't run the risk of...

Murdoch Closing In on Newsday Deal

Media mogul about to grab third New York paper

(Newser) - Rupert Murdoch's News Corp. empire is closing in on a deal to buy Newsday from the Tribune Company for an $850 million package, reports Reuters. Under the terms of the deal, Newsday would be run as a joint venture with the New York Post, but the papers would remain separate...

Zell Turns to Radio Talent to Shake Up Newspapers

Tribune chief hiring radio veterans to help company

(Newser) - New publishing mogul Sam Zell is recruiting colorful veterans from the radio industry in a bid to help save his struggling Tribune Company, the Wall Street Journal reports. Zell is hoping the imports will spark innovation at the company, whose debt has swelled to $12.8 billion amid declining newspaper...

Newsday Sale Another Bad Sign in Teetering Industry

New paper owners face outlook grimmer than those that scared off predecessors

(Newser) - Just last year, Sam Zell was optimistic enough about newspapers to buy the Tribune Company. Now he’s selling Newsday, one of the conglomerate’s top publications. “The news business is something worse than horrible,” he said recently. Across the industry, gung-ho new owners like Zell are experiencing...

Zell Might Sell Newsday
 Zell Might Sell Newsday 
Mar 20, 2008 9:44 PM CDT

Zell Might Sell Newsday

Tribune Co. may unload paper; Rupert Murdoch is interested

(Newser) - Falling ad revenues could push Sam Zell's Tribune Company to sell Newsday, the Long Island newspaper with the 10th-highest circulation in the nation, the New York Times reports. Among those interested are Rupert Murdoch, who already owns the New York Post. Also in the running are the owner of the...

LA Times Shakeup: He Said, He Said
LA Times Shakeup: He Said, He Said
Jan 22, 2008 2:23 PM CST

LA Times Shakeup: He Said, He Said

Editor who may have quit, publisher who may have fired him disagree

(Newser) - In announcing that James O'Shea was leaving the LA Times, publisher David Hiller said the paper's top editor was "unable to make the hard choices" involved in budget-cutting. But the rift may run deeper: O'Shea tells the Wall Street Journal his ideological differences over how to save a sinking...

LA Times Loses 3rd Editor to Budget Disputes

It's déjà vu for bigwigs: O'Shea is forced out after refusing cutbacks

(Newser) - The top editor of the Los Angeles Times has been fired after a confrontation with publisher David Hiller over $4 million in planned newsroom cutbacks, reports AP. James O'Shea's departure after just 14 months marks the third time in less than three years that the paper's top editor has left...

News Corp. to Sell 8 Fox Stations for $1.1B

Company unloads local operations to focus on larger markets

(Newser) - News Corp., shifting its focus to its larger, more profitable properties, will sell eight of its medium-market Fox network TV stations to investment firm Oak Hill Capital Partners for $1.1 billion. The sale will leave the media company, which acquired the Wall Street Journal and Dow Jones for $5....

Zell Seals $8.2B Tribune Deal
Zell Seals $8.2B Tribune Deal
Dec 20, 2007 1:16 PM CST

Zell Seals $8.2B Tribune Deal

Vows sweeping change at now-private media company

(Newser) - Billionaire Sam Zell today sealed his bid to buy Tribune Co., proving wrong all Wall Street naysayers since his original $8.2 billion offer last April. Zell steps in as CEO and chairman, and promises sweeping reforms to the way the now-private media conglomerate will be run, the Chicago Tribune ...

FCC Chief Won't Delay Media Vote
FCC Chief
Won't Delay Media Vote
Dec 14, 2007 10:31 AM CST

FCC Chief Won't Delay Media Vote

Defiant Martin wants to relax ownership rules in broadcast, print

(Newser) - FCC chief Kevin Martin will push ahead with a vote next week to allow media companies to own a broadcasting station and newspaper in the same city, the Wall Street Journal reports. The move comes despite heavy criticism from senators who say he's rushing into a major policy change without...

FCC to Give Stalled Tribune Sale a Push

(Newser) - Sam Zell’s $8.2-billion bid to take the Tribune Company private got a boost yesterday from  FCC Chairman Kevin Martin, who green-lighted a two-year exemption on rules barring ownership of newspapers and broadcast stations in the same market. Zell needs waivers for five markets in which the Tribune has...

FCC Chief Wants to Lift Cross-Ownership Rule

Says letting newspapers own TV stations in same market would aid flagging industry

(Newser) - After weeks of speculation, FCC chairman Kevin Martin came out  today in favor of relaxing a decades-old rule barring ownership of newspapers and TV stations in the same market. In a call to reporters and an op-ed piece in the New York Times, he said the change is needed to...

Why Sam Zell Is Still High on Tribune

Ducati-riding magnate tells the New Yorker his deal's golden

(Newser) - Billionaire real estate magnate Sam Zell, legendary for turning around distressed properties, is likely to have his riskiest play—the struggling media giant Tribune—in his hands by year’s end. The financials have only gotten worse since he made the deal, but the "extravagantly confident" Zell isn't showing...

FCC May Ease Rules on Media Owners
FCC May Ease Rules on
Media Owners
Oct 18, 2007 6:22 AM CDT

FCC May Ease Rules on Media Owners

Would allow firms to own newspapers and TV stations in same city

(Newser) - FCC Chairman Kevin Martin wants to relax limits on media consolidation, starting with repealing the rule that a company cannot own a newspaper and television or radio station in the same city, the New York Times reports. The commission is split, with two Democrats opposed and three Republicans supporting, a...

Smoking Has Its Price, and It's $1,200 a Year

Writer blasts newspaper's owner for ‘tobacco use fee’

(Newser) - A South Florida Sun-Sentinel writer is crying foul over his newspaper's parent company charging a “tobacco use fee”—a health plan add-on that punishes employees for smoking. Michael Mayo says he “was completely shocked” to learn his employer would extract $100 a month from any employee who...

Trib to Sell Cubs Piece by Piece
Trib to Sell Cubs Piece by Piece
Sep 15, 2007 6:38 PM CDT

Trib to Sell Cubs Piece by Piece

Company now wants to sell franchise in parts, conflict with MLB possible

(Newser) - The Cubs' owners stoked fears of a long ordeal today by announcing their plan to sell the franchise in parts. Such a sale would limit Bud Selig’s influence over the deal and might garner the Tribune Co. more cash, the Los Angeles Times reports. But selling the field, network...

Shareholders OK Tribune Takeover
Shareholders
OK Tribune Takeover
Aug 21, 2007 1:41 PM CDT

Shareholders OK Tribune Takeover

But analysts say Zell's bid should be lowered

(Newser) - The Tribune Co.’s shareholders approved Sam Zell's $8.2 billion takeover today, nudging the publisher one step closer to private ownership. But some analysts remain skeptical that the deal will go through as planned—the company’s declining profitability since the April announcement has triggered speculation that the...

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