Ann Marie Lipinski, former editor of the Chicago Tribune, on Tuesday was named curator of the Nieman Foundation for Journalism at Harvard University. Get the full story »
A hearing to determine the fate of the Tribune Co.’s proposed reorganization plan resumed Tuesday with attorneys for Tribune and attorneys for noteholders who have submitted a competing plan continuing to squabble over technical issues. The judge again signaled his desire for a conclusion to the Chapter 11 case, which has dragged on for more than two years. Get the full story »
A Delaware bankruptcy judge has resumed a hearing to determine whether he should approve Tribune Co.’s proposed reorganization plan. Get the full story »
Aurelius Capital Management said Tribune Co. must call a halt to confirmation proceedings on its Chapter 11 plan, which are set to resume Tuesday in a Delaware bankruptcy court. Get the full story »
Aurelius Capital Management, the largest junior creditor in the Tribune Co. bankruptcy case, on Monday amended its proposed plan for restructuring the media company in an attempt to make the plan more palatable to senior creditors and the judge presiding over the Chapter 11 proceedings. Get the full story »
Tower Ticker | David Lauter, an assistant managing editor at the Los Angeles Times, has been named the new bureau chief of Tribune Co.’s unified Washington Bureau.
Lauter replaces Kerry Luft, who is returning to the company’s flagship Chicago Tribune as senior editor whose responsibilities will include coordination of 2012 national campaign coverage.
From Bloomberg News | Actor Warren Beatty has won a suit against Tribune Co. over television and movie rights to Dick Tracy.
From Bloomberg News | A Bankruptcy Court judge ruled Tuesday that creditors can file state suits against former Tribune Co. shareholders who netted billions of dollars when the media company was taken private in 2007. Federal lawsuits are under way on the matter. The company filed for Chapter 11 in 2008.
Chicago Tribune parent Tribune co. is moving its Tribune Digital divsion into Tribune Technology, under Executive Vice President and Chief Technology Officer Steve Gable, employees were told today.
Don Meek, who had led Tribune Digital as executive vice president since November, when it changed its name from Tribune Interactive, is leaving the company.
The publisher and CEO of the Los Angeles Times says it’s important that the Tribune Co. emerge from bankruptcy protection as soon as possible.
Eddy Hartenstein, also a co-president of Tribune Co., testified Monday that the cloud of bankruptcy is hurting Tribune’s ability to keep and attract employees and to forge partnerships to help it compete in the rapidly-changing media industry.
Hartenstein was the final Tribune witness in a hearing to determine whether a Delaware judge will approve the company’s reorganization plan. Noteholders who have submitted their own plan will present their case later. Get the full story »
Two Tribune Co. financial advisers provided stark evidence of the newspaper industry’s decline Friday when they testified in bankruptcy court that the company’s flagship publishing division may have dropped below an estimated $1 billion in value. Get the full story »
Freedom Communications Inc. was expected to receive bids for its 100 newspapers and eight TV stations from a number of suitors before a Thursday deadline set by the company. Among firms considered likely to make bids for parts of Freedom were Tribune Co. and MediaNews Group Inc., as well as two Los Angeles-based private equity firms. Get the full story>>
JPMorgan Chase executives discussed downgrading their internal credit rating for Tribune Co. just hours after the media company completed a leveraged buyout the bank helped finance.
E-mails presented in federal court in Wilmington, Del., Wednesday show an executive for the bank thought a downgrade was required after the buyout. Get the full story »
WILMINGTON, Del. — Confirmation hearings in Tribune Co.’s bankruptcy case got under way Tuesday with a full day of testimony about the company’s tortured on-again-off-again effort to forge a settlement among its warring creditors.
Investment banker David Kurtz of Lazard Ltd., who spearheaded negotiations on behalf of Chicago-based Tribune Co. for two years, described a “painful and difficult” process paralyzed by the obstructionist behavior among the creditors.
He said efforts to broker a deal among creditors sparring over legal claims related to Tribune Co.’s 2007 leverage buyout were repeatedly undone by the aggressive tactics of hedge funds on all sides of the case who bought the company’s distressed debt hoping to profit from a restructuring. Get the full story »
WILMINGTON, Del. – The warring creditors in Tribune Co.’s bankruptcy case provided few surprises Monday as they fired their opening shots in litigation aimed at resolving a case that one lawyer said had come to resemble “water torture.” Get the full story »