November 16, 2012 |
WASHINGTON -- Federal regulators on Friday granted waivers to the Tribune Co. for its ownership of newspapers and broadcast stations in five markets, clearing the way for the company to emerge from its long-running bankruptcy. The Federal Communication Commission's Media Bureau issued the waivers of its so-called cross-ownership rules for Tribune's media properties in Los Angeles, Chicago, New York, South Florida and Hartford, Conn. The waivers allow the agency to transfer TV and radio station licenses in those markets to Tribune's new owners, a group led by senior creditors Oaktree Capital Management , Angelo Gordon & Co. and JPMorgan Chase & Co. “We are extremely pleased with today's action by the FCC,” said Eddy Hartenstein, Tribune's chief executive officer.
August 30, 1995
Tribune to Buy San Diego TV Station: The Chicago-based media company said it plans to buy its ninth television station, San Diego's KTTY-TV, for $70.5 million. Tribune said it won the rights to acquire the station, a Warner Bros. Television Network affiliate, at an auction. The transaction is expected to close by Dec. 31. KTTY was launched in 1984 by a San Diego investment group that still owns and operates the station.
November 12, 1994 |
The Chicago Tribune has sent a handful of reporters and production workers to the strikebound San Francisco Chronicle, a Tribune spokeswoman confirmed Friday. Other newspapers have also been asked to help the Chronicle since 2,600 reporters, salespeople, printers and delivery drivers went on strike against the paper, as well as the San Francisco Examiner, on Nov. 1, Tribune spokeswoman Faith Brown said.
December 4, 1989 |
More than a third of U.S. hospitals failed to meet quality standards for surgery, blood transfusions and treatment in coronary and intensive care units, according to a report in the Chicago Tribune. In addition, the newspaper said, more than 40% of hospitals surveyed were cited for violations of safety standards, ranging from inadequate electrical wiring to improper disposal of hazardous waste.
April 22, 1996 |
Tribune Co. Completes Purchase KTTY-TV: The Chicago-based company said it bought the San Diego television station for $70.5 million from Citibank, which took over the property after the previous owners defaulted on their obligations. The transaction, originally announced Aug. 29, gives the Tribune Co. its 10th television station. KTTY (Channel 69) is in the nation's 16th-largest market in terms of television revenue. Tribune Co.