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BUSINESS
February 7, 1991
Curtis A. (Curt) Hessler, a former Unisys vice chairman, will join Times Mirror Co. as a senior vice president on Feb. 15, Chairman and Chief Executive Robert F. Erburu announced. Hessler, 47, will be in charge of the planning and development, finance, accounting and tax departments. He will also serve on Times Mirror's management committee, reporting to Executive Vice President Charles R. Redmond, 64. "We are pleased to have an executive of Mr.
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BUSINESS
July 10, 2013 | By Walter Hamilton
Tribune Co. announced plans Wednesday to spin off its beleaguered newspaper unit into a separate company, freeing the media conglomerate to focus on its more promising television and Internet properties. The new entity, to be called Tribune Publishing Co., would include the Los Angeles Times, the Chicago Tribune and six other daily papers. All other assets, including the company's real estate holdings and stakes in several Internet sites, would remain part of Tribune Co. The spinoff would be tax-free to Tribune shareholders and could take as long as a year to complete.
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BUSINESS
July 23, 1993 | JOHN LIPPMAN
Times Mirror Co., reflecting sharply higher results in its cable television division and a one-time gain from the sale of marketable securities, reported Thursday that second-quarter net income and income from continuing operations improved slightly over the comparable period a year ago. The information and media company, which publishes The Los Angeles Times, said income from continuing operations increased in the second quarter by 6.3%, and net income increased 8.
CALIFORNIA | LOCAL
November 27, 2012 | From Los Angeles Times staff reports
Phillip L. Williams, a retired senior executive for Times Mirror Co. who served on its board of directors from 1985 until his retirement in 1993, died Nov. 18 at St. John's Health Center in Santa Monica after suffering a heart attack, his family said. The longtime Pacific Palisades resident was 90. Williams joined the parent company of The Times as a vice president in 1969 and held a variety of executive positions, among them senior vice president for newspapers and television, group vice president, vice president for finance, and vice president for corporate programs.
BUSINESS
March 13, 1998 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
Kathryn M. Downing, head of Times Mirror Co.'s legal and medical publishing unit, will become president and chief executive officer of the Los Angeles Times, Times Mirror announced Thursday. Downing, 44, will fill the jobs currently held by Donald F. Wright when Times Mirror completes previously announced plans to dispose of its legal and medical publishing unit, Mosby Matthew Bender. That disposition is expected no later than the summer.
BUSINESS
October 25, 1989 | TERESA WATANABE, TIMES STAFF WRITER
Times Mirror Co. reported Tuesday that it earned $70.1 million in the third quarter, off 13% from the previous year, when the sale of timberlands boosted earnings. Excluding those gains from asset sales, the 1989 earnings were 13% higher for the Los Angeles-based media company, which publishes The Times, Newsday, the Baltimore Sun and other newspapers. Revenue increased 7% in the quarter to $873.9 million from $814.8 million.
NEWS
December 3, 1993 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
Richard T. Schlosberg III has been named publisher and chief executive officer of The Times, Robert F. Erburu, chairman and chief executive officer of Times Mirror Co., announced Thursday. David Laventhol, the current publisher and chief executive officer, will step down Jan. 1 for health reasons, Erburu said.
BUSINESS
October 27, 1994 | AMY HARMON, TIMES STAFF WRITER
Joining the rush of newspapers seeking a new incarnation in the digital age, the Los Angeles Times and Newsday on Wednesday announced the launch of dual interactive services over Prodigy Co.'s on-line network. The two Times Mirror Co.
BUSINESS
June 17, 1998
Robert W. Schult, president and chief operating officer of Nestle USA, has been elected a director of Times Mirror Co., said Mark H. Willes, Times Mirror chairman, president and chief executive officer and publisher of the Los Angeles Times.
BUSINESS
June 25, 2006 | Mitchell Landsberg, Times Staff Writer
In 1995, Jeffrey Chandler decided to break with tradition and expose a family schism. A member of the large, extended and very private family that owned the Los Angeles Times, he had come to believe that the newspaper had become far too liberal under the control of his cousin, Otis Chandler. It was time for The Times to return to its conservative roots, Chandler and his sister, Corinne Werdel, told Forbes magazine. "We have the inmates running the asylum," Werdel said.
BUSINESS
June 23, 2006 | Michael A. Hiltzik, Times Staff Writer
In 1994, a top executive at Times Mirror Co., then the parent of the Los Angeles Times, crafted a $2.3-billion sale of the company's cable subsidiary that so brilliantly eliminated taxes on the deal that it won him an instant following on Wall Street -- and ultimately provoked Congress to close the loophole. The executive was Chief Financial Officer Thomas Unterman, a wizard at crafting highly complicated corporate transactions that stymied the Internal Revenue Service.
CALIFORNIA | LOCAL
January 7, 2006
The Los Angeles Mirror, an afternoon newspaper since 1948 that Times Mirror Co. owned, ceased publication. The Mirror consolidated with The Times on Jan. 8. The paper had been renamed in 1954, being briefly called the Mirror-Daily News, but it was again known as the Mirror at the time it folded.
BUSINESS
September 28, 2005 | Josh Friedman, Times Staff Writer
A U.S. Tax Court judge dealt a potential $1-billion blow to Tribune Co. on Tuesday, ruling that the Chicago-based media company was liable for back taxes on two deals it inherited from its 2000 purchase of Times Mirror Co. The 135-page opinion did not make a finding as to how much Tribune, which publishes the Los Angeles Times, owes in taxes. The company has said previously that it could be liable for $600 million in state and federal income taxes, plus $368 million in interest.
BUSINESS
December 8, 2004 | Josh Friedman, Times Staff Writer
Two 1998 deals to unload Times Mirror Co. subsidiaries were done for business reasons, and not to dodge taxes, former company executives Mark H. Willes and Thomas Unterman testified Tuesday. Chicago-based Tribune Co., which bought Times Mirror in 2000, is defending the two deals as reorganizations and fighting an IRS demand for nearly $1 billion in taxes and interest. The IRS claims that the divestiture of the Matthew Bender & Co. and Mosby Inc. publishing units were sales in disguise. In U.S.
BUSINESS
December 7, 2004 | Josh Friedman and E. Scott Reckard, Times Staff Writers
A long-running tussle between Tribune Co. and the Internal Revenue Service shifted to U.S. Tax Court in Los Angeles on Monday as a trial began over fallout from business deals the media company inherited when it purchased Times Mirror Co. The dispute is rooted in the unusually complex arrangements surrounding Times Mirror's divestiture of two publishing units in 1998. Its Matthew Bender & Co. unit and a stake in another of its legal publishing outfits were acquired for $1.
CALIFORNIA | LOCAL
May 21, 2002 | From Times Staff and Wire Reports
A federal judge sentenced a former senior auditor for the Times Mirror Co. to six months of home detention Monday for illegal insider trading connected to the company's acquisition by the Tribune Co. Daniel J. Wooten III, 38, of Torrance also was ordered to pay more than $76,000 in restitution, profits from his purchase of 2,285 shares of Times Mirror stock in March 2000 after receiving confidential information about the sale.
BUSINESS
May 3, 2003 | From Bloomberg News
Tribune Co., owner of the Los Angeles Times and 26 television stations, sued a Marsh & McLennan Cos. unit for recommending the company transfer workers' compensation obligations to a now-insolvent insurer. Marsh Inc. in 1998 recommended that Times Mirror Co., then the owner of The Times and Baltimore Sun, transfer the publisher's self-insurance of workers' compensations liabilities to Reliance National Indemnity Co., the suit said.
CALIFORNIA | LOCAL
October 26, 2002 | From a Times Staff Writer
Dow W. Carpenter, a retired senior vice president of Times Mirror Co. who oversaw its book and magazine publishing operations during much of his career, died Tuesday while vacationing in Kennebunkport, Maine. He was 75, and suffered from heart disease. In the early 1960s, while he was a consultant with the management consultant firm of McKinsey & Co.
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