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Latest Tribune Co. Stories

2010-07-13 12:48:00

Union Demands Agency Protect Public Interest As Required By Law WASHINGTON, July 13 /PRNewswire-USNewswire/ -- Yesterday the Teamsters Union responded at the Federal Communications Commission (FCC) to the Tribune Co., which had opposed the union's petition to deny Tribune's application for reorganization and for waivers of the broadcast cross-ownership rules. In its filing, the Teamsters reiterated that as a matter of law the owners of the corporation--Tribune employees--are entitled to a...

2010-06-15 12:54:00

Petitions FCC to Deny Tribune's Waiver Requests to Broadcast Cross-Ownership Rules WASHINGTON, June 15 /PRNewswire-USNewswire/ -- The Teamsters Union has petitioned the Federal Communications Commission (FCC) to deny Chicago-based Tribune Co.'s application for reorganization and for waivers of its broadcast cross-ownership rules - meant to protect localism and diversity in programming - until the owners of the company, Tribune employees, have their say. (Logo:...

2009-10-12 10:51:00

CHICAGO, Oct. 12 /PRNewswire/ -- In a major national marketing initiative, Tribune Co. today announced the launch of Tribune365 (www.trb365.com), its multichannel sales solutions group providing customized marketing programs to advertisers looking to reach consumers across a variety of media platforms. Tribune365 gives marketers unprecedented, consolidated access to the nation's top markets, and makes its official debut in a national media campaign of its own that breaks today in ad...

2009-09-08 17:14:04

The Ricketts family's purchase of the Chicago Cubs from the Tribune Co. has passed muster with federal antitrust regulators. Crain's Chicago Business reported Tuesday the approval of the $800 million deal appears on a Sept. 4 Federal Trade Commission list of pending mergers and acquisitions that have been cleared by officials. Still to come are a federal bankruptcy judge's ruling on the sale and approval by owners of the other major league teams. The Tribune has been trying to make a deal for...

2009-08-21 18:16:48

Tribune Co. said Friday it has reached an agreement to sell all but a 5 percent share of the Chicago Cubs to the Ricketts family for $845 million. The deal, which came after more than two years of negotiations, includes Wrigley Field and Tribune's 25 percent interest in Comcast SportsNet Chicago. Our family is thrilled to have reached an agreement to acquire a controlling interest in the Chicago Cubs, one of the most storied franchises in sports, family patriarch Joe Ricketts said in a...

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2009-08-18 12:15:40

Tribune Co. creditors asked a U.S. bankruptcy judge for permission to hire a law firm to investigate billionaire Sam Zell's leveraged buyout of the company. Having put up $315 million for stock options, Zell controls the company. However, an employee stock ownership plan owns Tribune, although it has no seat on the board that runs it, the Chicago Sun-Times reported Tuesday. The Internal Revenue Service and the U.S. Labor Department are already investigating the takeover with a focus on the...

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2009-08-14 13:46:03

Billionaire Sam Zell may be forced out of the Tribune Co., despite improvements in the Chicago media company's cash assets, sources close to the talks said. In a recent financial report filed in federal bankruptcy court, the Tribune's cash on hand rose to $740.5 million, up from $702 million in late May, the Chicago Sun-Times reported Friday. But creditors may be running out of patience with the management team that has leveraged the company $13 billion into debt, the newspaper said....

2009-07-06 11:17:26

The Ricketts family and the Tribune Co. finalized a deal for the sale of the Chicago Cubs and Wrigley Stadium, a source familiar with the talks said Monday. The unidentified source said the deal that would transfer ownership of the National League franchise to the Ricketts family has been sent to Major League Baseball to receive the approval of other team owners, the Chicago Tribune reported. Court approval of the sale also is needed as the Tribune Co. is operating under Chapter 11...

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2009-07-02 16:00:07

The Dallas Morning News said it had reached a deal for Tribune Co. of Chicago to handle its national news ad sales. The deal allows Tribune Co. to offer national advertisers a new audience in addition to the Chicago Tribune, the Los Angeles Times, the Baltimore Sun and other newspapers. It also increases the revenue stream and allows the Morning News sales staff to focus on local advertising, Advertising Age reported Thursday. This is an important step toward a more-efficient and...

2009-06-27 13:34:49

The Tribune Co. and the Ricketts family have made progress in closing a sale for the Chicago Cubs baseball team and Wrigley Field, sources say. Sources familiar with the matter told Saturday's Chicago Tribune the parties have made good progress in the long negotiations, one day after Tribune Co. officials said they were assessing other alternatives in seeking a sale of the National League team. Negotiations reportedly stalled weeks ago when the bankrupt media company, which also owns the...


Word of the Day
lambent
  • Licking.
  • Hence Running along or over a surface, as if in the act of licking; flowing over or along; lapping or bathing; softly bright; gleaming.
This word comes the Latin 'lambere,' to lick.
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