November 16, 2012 |
Peter Liguori, a former top executive at News Corp. and Discovery Communications, is expected to be named as the new chief executive of Tribune Co., parent of the Los Angeles Times and KTLA-TV Los Angeles, after the company emerges from bankruptcy, a person familiar with the matter said. An official announcement of Liguori's hiring is not expected until after Tribune emerges from bankruptcy and formally names a new board of directors. A big step in that direction occurred Friday when the Federal Communications Commission approved a transfer of the Tribune broadcast licenses to Oaktree Capital Management; Angelo, Gordon & Co.; and JPMorgan Chase & Co., the soon-to-be owners of the media conglomerate.
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.
August 29, 2013 |
Tribune Co., the parent of the Los Angeles Times, reported that earnings tumbled in the second quarter as revenue dropped sharply in its broadcast division and advertising continued to decline at its newspapers. The media giant reported net income of $66.3 million in the three months that ended June 30, a 61.2% plunge from $170.8 million in the year-earlier period. Revenue slid 10.5% to $730.2 million, while pretax income skidded 39.7% to $110.4 million. Tribune continued to reduce costs, with operating expenses dropping $50 million to $640.6 million.
June 19, 2013 |
Tribune Co. has hired Steven Berns, the top finance executive for cosmetics company Revlon Inc., as its chief financial officer and promoted its current CFO, Chandler Bigelow, to serve in an expanded role developing strategy for the company. Chicago-based Tribune, parent company of the Los Angeles Times, made the announcements Wednesday. Bigelow, the company's CFO for nearly five years, will transition into a newly created position of executive vice president and chief business strategies and operations officer.
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.