January 17, 2013 |
In its first board of directors meeting since emerging from a protracted bankruptcy, Tribune Co. named investor Bruce Karsh as chairman and veteran entertainment executive Peter Liguori as chief executive. Eddy Hartenstein, who served as chief executive for almost two years, remained on the board and will continue as publisher and chief executive of the Los Angeles Times, the largest of eight daily Tribune newspapers. He also will act as special advisor to Liguori. Karsh is president of Oaktree Capital Management, the private equity firm that now owns 23%, the biggest single stake, in Tribune.
November 17, 2012 |
Peter Liguori, a former top executive at News Corp. and Discovery Communications, is expected to be named chief executive of Tribune Co. after the company emerges from bankruptcy, according to people familiar with the matter. Liguori is in advanced conversations with incoming owners, according to people who requested anonymity. An official announcement is expected after Tribune emerges from bankruptcy and names a new board of directors, which could occur as early as next month. Quiz: The week in business Tribune cleared a final regulatory hurdle Friday when the Federal Communications Commission granted waivers that pave the way for transfers of Tribune broadcast licenses to the eventual new owners of the company, a group led by Oaktree Capital Management, Angelo Gordon & Co. and JPMorgan Chase & Co. The FCC's staff issued the waivers of its so-called cross-ownership rules, which restrict newspapers from combining with television and radio stations in the same market.
July 29, 2005 |
Peter Liguori, the television executive formerly known as Mr. FX, faced television critics for the first time as Fox's president of entertainment on Thursday, and the topics could have ranged from the relative lack of reality programming on the fall schedule to the pressures of heading the No. 1 network among younger viewers, to whether he could transfer his sophisticated programming sensibility from cable to broadcast. But, alas, that would be really boring.
February 13, 2013 |
Tribune Co. named veteran TV station executive Larry Wert as president of local broadcasting, overseeing the company's 23 television stations and WGN Radio in Chicago. Wert, 56, currently is a prominent executive in NBCUniversal's television station group; serving as general manager of NBC's Chicago station since 1998. He had responsiblity for five stations, including KNBC-TV Channel 4 in Los Angeles, KNSD-TV Channel 7 in San Diego as well as WMAQ-TV Channel 5 in Chicago, from 2008 to 2011, when he became executive vice president of station initiatives.
February 26, 2013 |
Tribune Co. has hired investment bankers to advise the media company on the sale of its newspaper publishing unit, according to a source familiar with the matter. The company has retained JPMorgan Chase & Co. to oversee a potential sale of the division that includes the Los Angeles Times and the Chicago Tribune, according to the person. Evercore Partners, a boutique investment bank, reportedly also has been hired. There has been widespread speculation that Tribune would attempt to unload the newspaper business to focus on its more promising television operations.
January 29, 2013 |
Tribune Co. has named Edward Lazarus, a former high-ranking Federal Communications Commission official and one-time federal prosecutor in Los Angeles, as its executive vice president and general counsel. Lazarus, 53, is the first key hire for Tribune's new chief executive Peter Liguori, who took office this month. Tribune, parent company of the Los Angeles Times, Chicago Tribune and KTLA-TV Channel 5, emerged from protracted bankruptcy proceedings Dec. 31 with new ownership and plans to redefine the Chicago-based company's leadership and direction.