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Tribune Company

PHOTOS: Trib Execs Have Lavish Poker Party As Newspaper Sinks

Posted 05.25.2011 | Chicago

Images posted by Robert Feder, a long-time Chicago Sun-Times columnist who now writes for WBEZ's Vocalo.org blog, show executives from the Chicago Tri...

Tribune Company's Bankruptcy Bonuses: $15M For Top Executives

AP | RANDALL CHASE | Posted 05.25.2011 | Chicago

DOVER, Del. — The Tribune Co. wants to pay top executives and managers more than $15 million in bonuses as part of its bankruptcy reorganization...

Randy Michaels' Radio Rules: Memo Bans WGN Employees From Using Words He Doesn't Like On Air

Posted 05.25.2011 | Chicago

Apparently improving a struggling media company's morale is not at the top of Tribune Company CEO Randy Michaels' list of priorities. Instead, the sho...

Bankrupt Tribune Pays Large Incentive Bonuses to Top Executives: Where's the Incentive Though?

Maury Slevin | Posted 05.25.2011 | Business
Maury Slevin

If you think a bankrupt company that has spent the past year laying off 3,000 employees, cutting severance packages, and freezing salaries would adopt frugal executive compensation packages, think again.

Zell Out As CEO Of Tribune Company

AP | ANDREW VANACORE | Posted 05.25.2011 | Chicago

NEW YORK — Sam Zell, the real estate mogul who took Tribune Co. private a year before the media company was forced to enter bankruptcy protectio...

Bankruptcy Judge Defers Action On Lawsuit Against Tribune Co.

AP | Posted 05.25.2011 | Chicago

WILMINGTON, Del. — A Delaware bankruptcy judge has deferred action on the Tribune Co.'s request to halt a lawsuit alleging that Chairman Sam Zel...

Tribune Company To Pay Back $170 Million In Debt

AP | Posted 05.25.2011 | Media

CHICAGO — Tribune Co., the owner of The Chicago Tribune, the Los Angeles Times and other news outlets, said Tuesday it will pay back $170 millio...

Cubs File For Bankruptcy

AP | ANDREW VANACORE | Posted 05.25.2011 | Chicago

NEW YORK — The Chicago Cubs filed for Chapter 11 bankruptcy protection Monday, a step that will allow their owner to sell the baseball team in a...

Tribune Bankruptcy Reorganization Plan Given Until February

AP | RANDALL CHASE | Posted 05.25.2011 | Chicago

WILMINGTON, Del. — A Delaware bankruptcy judge on Tuesday granted the Tribune Co. more time to submit a Chapter 11 reorganization plan. Judge K...

Home Field Disadvantage

Ted Goeglein | Posted 05.25.2011 | Chicago
Ted Goeglein

The Cubs' old pile of bricks stinks of inebriated resignation. It's time for Wrigley Field to be gutted of the past and rebuilt for the future.

Tribune Company Papers To Give Up AP For One Week

AP | Posted 05.25.2011 | Media

CHICAGO — Tribune Co., owner of The Chicago Tribune, the Los Angeles Times and several other news outlets, will not use most Associated Press co...

Tough times Turning Newspaper Lenders Into Owners

AP | MICHAEL LIEDTKE | Posted 05.25.2011 | Media

SAN FRANCISCO — Newspaper headlines have skewered money lenders for dubious decisions that stoked the recession. Now the financiers are starting...

Cubs Sale Cleared By Bankruptcy Judge

AP | DEBORAH YAO | Posted 05.25.2011 | Chicago

WILMINGTON, Del. — The sale of the Chicago Cubs moved closer Tuesday as a bankruptcy court judge said the team can go to the family of billionai...

Chicago Cubs Sale Approved By Bankruptcy Judge

AP | Posted 05.25.2011 | Chicago

WILMINGTON, Del. — A federal bankruptcy judge cleared the way Thursday for the Tribune Co. to sell the Chicago Cubs and the storied Wrigley Fiel...

Cubs Sale Gets Government Go-Ahead

Bloomberg News | Christopher Stern | Posted 05.25.2011 | Chicago

U.S. antitrust officials approved Tribune Co.'s sale of the Chicago Cubs baseball team to the Ricketts family, which founded TD Ameritrade Holding Co....

Tribune: Decline of a Media Giant

Chris Maloney | Posted 05.25.2011 | Chicago
Chris Maloney

Tribune's vast multimedia holdings were supposed to act as a hedge against a downturn in any one area -- that was before the Internet and the "perfect storm" financial crisis.

Sam Zell May Not Leave Tribune Following Restructuring

New York Times | RICHARD PÉREZ | Posted 05.25.2011 | Media

But other people close to the restructuring talks, speaking anonymously because the discussions were supposed to remain private, caution that the majo...

How Zell Cost Tribune $150 Million In Botched Cubs Deal

Chicago Sun-Times | Posted 05.25.2011 | Chicago

Oh, the tangled webs that Tribune Co. Chairman Sam Zell can weave. The long process he spun for selling the Cubs probably cost his debt-strapped compa...

Cubs Sale To Ricketts Family Finalized

AP | DAVE CARPENTER | Posted 05.25.2011 | Chicago

CHICAGO — Media conglomerate Tribune Co. announced a definitive agreement Friday to sell all but a 5 percent stake in the Chicago Cubs and Wrigl...

Sam Zell "Ready To Walk Away" From Tribune: Report

New York Post | Posted 05.25.2011 | Media

So much for Sam Zell, newspaperman. The developer, who arranged a controversial $11.7 billion employee buyout of newspaper giant Tribune only to see...

Tribune Creditors Working To Force Sam Zell Out: Report

Chicago Sun-Times | DAVID ROEDER | Posted 05.25.2011 | Media

Eight months after the filing, two sources familiar with the process said creditors are working on a reorganization plan that elbows Zell aside. The c...

Chicago Tribune, LA Times Merge National Sports Beats

Crain's Chicago Business | Ed Sherman | Posted 05.25.2011 | Chicago

If you're a regular reader of the Tribune sports section, you've noticed that Sam Farmer is writing columns on the NFL and Chris Dufresne is weighing ...

Tribune Chairman: Paper May Exit Bankruptcy This Year

Editor and Publisher | Posted 05.25.2011 | Media

CHICAGO A day after Tribune Co. asked a bankruptcy court for more time to complete its reorganization plan, Chairman and CEO Sam Zell said Tuesday the...

Cubs May File Bankruptcy To Help Sale, Would Be First MLB Bankruptcy In 39 Years

AP | DAVE CARPENTER | Posted 05.25.2011 | Chicago

CHICAGO — The corporate owner of the Chicago Cubs is considering having the baseball team file for bankruptcy protection as a legal step to hast...

Tribune Agrees To Cubs Sale Deal Terms With Marc Utay, Now Has Two Offers To Buy Team: Reuters

Reuters | Posted 05.25.2011 | Chicago

Tribune Co has agreed to terms for the sale of the Chicago Cubs to a group led by private equity investor Marc Utay, giving the company two offers to ...