CALIFORNIA | LOCAL
May 8, 2013 |
SACRAMENTO - California legislative leaders and 10 public employee unions announced opposition Wednesday to any sale of the Los Angeles Times and other Tribune Co. newspapers to a pair of wealthy brothers who fund conservative causes. In a letter dated Tuesday to Bruce Karsh, president of Oaktree Capital Management, the largest shareholder in Tribune Co., and chairman of its board of directors, the unions said David and Charles Koch are "anti-labor, anti-environment, anti-public education and anti-immigrant.
CALIFORNIA | LOCAL
April 22, 2013 |
News agency Reuters has fired deputy social media editor Matthew Keys after he was indicted on federal charges of conspiring with the hacking group Anonymous to breach a Tribune Co. website, changing a Los Angeles Times online story. Matthew Keys, 26, said on his Twitter account Monday morning that he “Just got off the phone. Reuters has fired me, effective today. Our union will be filing a grievance. More soon.” Reuters spokesman David Girardin confirmed the firing. Keys was charged last month with three hacking-related counts in the December 2010 incident.
April 15, 2013 |
The South Florida Sun Sentinel was awarded the prestigious Pulitzer Prize for public service journalism Monday for its investigation of off-duty police officers who endangered the lives of citizens by speeding. The newspaper, owned by Tribune Co., started its investigation after an off-duty Miami police officer was pulled over by a Florida state trooper for driving 120 mph in fall 2011. The resulting three-part series, "Above the Law," found that accidents caused by officers driving at high speeds - in many cases when off duty - caused at least 320 crashes since 2004, killing or maiming 21 people.
April 2, 2013 |
Tribune Co. has promoted Kathy Thomson, president and chief operating officer of the Los Angeles Times, to the newly created position of chief operating officer of Tribune's publishing division. In her new role, Thomson will oversee efforts to expand digital products and the use of video at The Times, Chicago Tribune, Baltimore Sun and Tribune's five other daily newspapers. Thomson will assume the new role immediately and maintain her current responsibilities at The Times, the company said Tuesday.
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 1, 2013 |
The new owners of Tribune Co. are betting that television is the key to its future. With 23 local TV stations in 19 cities, including KTLA-TV Channel 5 in Los Angeles, and a national cable network, Tribune has an array of potentially strong properties that will be the foundation of the newly constituted company. Its television station group has been valued at close to $3 billion. In 2011, Tribune's broadcasting operations had revenue of $1.1 billion. "Those stations are great properties in wonderful markets," said Alan Bell, a veteran broadcast industry executive.