Tribune Co.

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Jan. 6 at 11:58 a.m.
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Filed under: Computers, Internet, Media, Newspapers, Software, Updated

Tribune rolling out news app for Microsoft tablets

By Tribune newspapers

Mosiac app. (Tribune)

The Tribune Co., publisher of the Los Angeles Times and the Chicago Tribune, is rolling out a news-reading application that will run on a new line of Microsoft-based tablet computers.

The app, called Mosaic, creates a moving set of touchable photographs that, when tapped, reveals the headline associated with the photo and allows the user to open and read the article.

“It’s a very different, visual way for readers to sort through and personalize how they want to see news delivered,” said Eddy Hartenstein, the Tribune’s co-president. “You just touch it and it blossoms.” Get the full story »

Dec. 28, 2010 at 10:14 a.m.
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Filed under: Bankruptcy, Chicago executives, Media, Newspapers, Personnel moves

Gerry Spector exiting as COO of Tribune Co.

By Phil Rosenthal

Tribune Co. Chief Operating Officer Gerry Spector, a long-time associate of real estate billionaire Sam Zell, is leaving the Chicago-based media company he has helped lead since Zell took it private three years ago.

Dec. 15, 2010 at 11:11 a.m.
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Filed under: Bankruptcy, Media, Newspapers, Radio, TV

1 Tribune Co. reorganization plan withdrawn

By Reuters

A group of lenders to bankrupt Tribune Co. withdrew its reorganization plan for the media company, leaving creditors with three other options when they begin voting on how to end the 2-year-old Chapter 11 case.

Pursuing the plan “was not the best focus of our resources,” said Evan Flaschen, an attorney representing the group, made up of 14 hedge funds, including GreyWolf Capital Management and billionaire George Soros’ Soros Fund Management. Get the full story »

Dec. 13, 2010 at 5:18 p.m.
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Filed under: Media, Newspapers, Radio, TV

Tribune Co. signs wire deal with Reuters America

By Phil Rosenthal

Tower Ticker |  The Chicago Tribune and other Tribune Co. newspapers have signed a multiyear agreement to become charter subscribers to the new Reuters America wire service, a move that will make them less reliant on Associated Press for print and online content.

Though Tribune Co. papers have experimented since May with eschewing AP content in news, business and features — and, in selected trial weeks, sports as well — there is  no plan by the newspapers to drop the 164-year-old wire service whose content is ubiquitous in print and online. Get the full story »

Dec. 6, 2010 at 5:58 p.m.
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Filed under: Bankruptcy, Litigation, Media, Newspapers

Tribune creditors to vote on 4 reorganization plans

By Michael Oneal

The judge in Tribune Co.’s contentious bankruptcy case signaled his approval Monday to send four competing restructuring plans out for vote by the Chicago-based media company’s creditors.

If he issues the formal order by Wednesday, which will mark the two-year anniversary of the case, solicitation packages containing disclosure documents explaining the four plans will likely be mailed on Dec. 22, said a Tribune Co. lawyer.

Creditors will then have until Jan. 28 to cast their votes and the judge will use those results to gauge support for the various plans ahead of a five-day confirmation hearing set for early March. Get the full story »

Dec. 3, 2010 at 12:45 p.m.
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Filed under: Bankruptcy, Media, Newspapers

Creditors file $1.6M claim against Tribune CFO

By Tribune staff report

By Michael Oneal and Becky Yerak | The unsecured creditors’ committee in Tribune Co.’s bankruptcy case has filed the first of what’s expected to be about 210 individual claims against current and former officers and directors of the Chicago-based media company seeking to claw back close to $180 million in so-called “preference payments” they collected.

The first claim, filed in U.S. Bankruptcy Court in Wilmington, DE., targeted Chandler Bigelow, Tribune Co.’s chief financial officer. It seeks recovery of more than $1.6 million in compensation he was paid in December 2007 when he was the company’s treasurer, including a $400,000 bonus and $880,645 in restricted stock. Get the full story »

Nov. 19, 2010 at 9:20 a.m.
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Filed under: Internet, Media

Tribune Co. streamlining interactive division

By Phil Rosenthal

Tower Ticker | The reorganization of Chicago Tribune parent Tribune Co.’s interactive division, recently rechristened Tribune Digital, is continuing to take shape under its new management and, according to a staff memo sent this morning, under new marching orders. Get the full story »

Nov. 16, 2010 at 5:38 p.m.
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Filed under: Media, Radio, Sports

Agar, ‘News Junkie’ out in latest WGN-AM moves

By Phil Rosenthal

Jerry Agar and Shawn “The News Junkie” Wasson are off the WGN-AM 720 schedule, and former Chicago Bear Glen Kozlowski is back with a weekend revival of the long-running “Sports Central” program.

Nov. 12, 2010 at 7:42 p.m.
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Filed under: Bankruptcy, Litigation, Media, Newspapers, Private equity

New Tribune Co. lawyer spat breaks out

By Michael Oneal

A new side-imbroglio has broken out in the Tribune Co. bankruptcy, highlighting the often incestuous world occupied by big-time bankruptcy attorneys.

Let’s see if we can sort it all out … Get the full story »

Nov. 12, 2010 at 8:41 a.m.
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Filed under: Bankruptcy, Media, Newspapers

Tribune Co. creditors want insiders to return $250M

By Reuters

Tribune Co. creditors asked a Delaware judge to let them try to recover millions of dollars awarded to insiders in the year prior to the media company’s bankruptcy, saying they can do a better job than Tribune can.

In a Thursday court filing, Tribune’s official committee of unsecured creditors said it wants current and former Tribune officers and directors to return more than $250 million of awards, including bonuses and restricted stock. Get the full story »

Nov. 11, 2010 at 5:44 p.m.
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Filed under: Chicago executives, Media, Radio

Kevin Metheny, Jim Laski out at WGN-AM 720

By Phil Rosenthal

Kevin Metheny, the WGN-AM 720 program director whose abrupt moves to grow the audience grew a well of resentment among some long-time listeners, is is leaving the station along with his most controversial hire, former convicted Chicago City Clerk Jim Laski.

Nov. 10, 2010 at 1:26 p.m.
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Filed under: Bankruptcy, Media, Newspapers, Updated

Tribune judge OKs more than $40M in bonuses

By Michael Oneal

The judge in Tribune Co.’s bankruptcy case approved more than $40 million in 2010 incentive bonuses for 635  operating managers and executives Wednesday.

But based on the company’s projected performance through the end of the year, the payout will likely be closer to $30 million, according to court documents. Get the full story »

Nov. 9, 2010 at 3:44 p.m.
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Filed under: Bankruptcy, Chicago executives, Media

Tribune Co. seeks approval for new bonus plan ‎

By Associated Press

Tribune Co. is asking a Delaware bankruptcy judge to approve up to $43 million in bonuses for top executives and managers this year.

The plan calls for some 640 people to receive bonuses totaling from $16.5 million to $42.9 million if certain cash flow targets are met. The request will be the subject of a hearing Wednesday.

Tribune scaled back the incentive plan this summer after complaints from creditors and an employees union. Get the full story »

Nov. 2, 2010 at 10:33 a.m.
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Filed under: Internet, Media

Don Meek to head reorganized Tribune Digital

By Phil Rosenthal

Tribune Co. is renaming its Tribune Interactive division Tribune Digital, in a reorganization that places Don Meek, who had been chief revenue officer for the company’s publishing and interactive operations, in charge as executive vice president.

Nov. 2, 2010 at 7:27 a.m.
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Filed under: Bankruptcy, Media, Newspapers, Radio

Creditors sue Zell, banks over Tribune bankruptcy

By Reuters

Tribune Co. creditors filed sprawling lawsuits on Monday that take aim at Sam Zell, his banks and advisers for the disastrous leveraged buyout that plunged the publisher into bankruptcy two years ago.

The lawsuit accuses billionaire Zell and the Tribune board of defrauding Tribune’s creditors by pursuing the buyout of the owner of the Los Angeles Times and Chicago Tribune knowing it would lead to bankruptcy. Get the full story »

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