September 10, 2013 |
Arsenio Hall, who was on the cover of Time magazine in 1989 ("TV's hip host grabs the post-Carson generation"), returned to the air Monday night for an indefinite run as the host of a revived "The Arsenio Hall Show. " (It should be said right off that the Tribune Co., of which this paper is a property, is a co-producer of the series.) "Leave it to the first black late-night host to take 19 years off work," said Hall, "and come back here and expect my job to still be waiting for me. " If it was not a stunning return to form -- the original show was a cultural landmark over its five-year run, the place where candidate Bill Clinton famously donned a pair of sunglasses and blew a couple of choruses of "Heartbreak Hotel" -- it was, in any case, a return.
CALIFORNIA | LOCAL
November 22, 2013
Vern Mikkelsen Star forward with Minneapolis Lakers Vern Mikkelsen, 85, a Hall of Fame basketball player who won four NBA titles with the Minneapolis Lakers in the early 1950s, died Thursday at his home in the suburb of Wayzata, Minn., his family told the Minneapolis Star Tribune. He had been in poor health in recent years. The 6-foot, 7-inch, 230-pound Mikkelsen was a six-time All-Star during 10 seasons with the Lakers. Though known for his hard-nosed defense, he averaged 14.4 points and 9.4 rebounds in his career and emerged as one of the first true power forwards in the league.
April 3, 2007 |
After more than 120 years, the Chandlers are getting out of the newspaper business. The much-celebrated and maligned family that once dominated the civic, cultural and political life of Southern California through its control of the Los Angeles Times agreed Monday to sell its entire stake in Tribune Co., the newspaper's parent.
September 3, 2013 |
News Corp. has sold its U.S.-based community newspaper group -- eight daily newspapers and 15 weeklies -- to an affiliate of Fortress Investment Group, an asset management firm. Financial terms were not disclosed. Rupert Murdoch's media company acquired the small papers as part of its 2007 acquisition of Dow Jones & Co., publisher of the Wall Street Journal. The Stockton Record was the only California newspaper in the collection. News Corp.'s Dow Jones Local Media Group owned two Oregon papers: the Medford Mail Tribune and the Ashland Daily Tidings.
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.
July 16, 2013 |
With the planned spinoff of its newspaper unit underway, Tribune Co. is turning its attention to its real estate. The media company announced Tuesday the hiring of real estate veteran Murray McQueen to fill the newly created position of president of real estate. He will assess whether Tribune is making as much money as it can from its holdings, including the historic Los Angeles Times headquarters in downtown L.A. All told, the company owns more than 7 million square feet of real estate, including buildings, printing plants and other facilities.
September 9, 2013 |
After scratching plans to buy the Los Angeles Times and other Tribune Co. newspapers, billionaire industrialists Charles and David Koch have agreed to buy Molex Inc., a maker of electronic connectors used by several companies, including Apple Inc. The $7.2-billion acquisition helps the Koch brothers diversify from their traditional holdings in energy, chemicals and paper. Under the deal, Koch Industries will pay a 42% premium, on average, for shares of the Lisle, Ill., company.
July 1, 2013 |
Tribune Co.'s proposed $2.7-billion acquisition of 19 television stations owned by Local TV Holdings would accelerate the rapid consolidation of the television business. Tribune on Monday said that it had entered into a definitive agreement to buy the stations , which would give Tribune a total of 42 TV stations -- up from its current count of 23. The all-cash deal would make Tribune one of the biggest TV-station owners in the country and the largest independent affiliate station group for Fox Broadcasting.
September 25, 2013 |
The Federal Communications Commission is expected on Thursday to propose eliminating a key component of its television ownership rules that could have significant implications for broadcasters. Under review is the value the FCC puts on a UHF signal compared to a VHF signal when determining whether a broadcaster is in compliance with the regulatory agency's television station ownership rules. Currently, FCC rules prohibit a broadcaster from owning television stations that reach more than 39% of the United States.
CALIFORNIA | LOCAL
November 14, 2013 |
Donald S. Maxwell, a retired financial executive who helped guide the Los Angeles Times and its former parent company, Times Mirror, through periods of unprecedented expansion, died Wednesday at his home in La Habra Heights. He was 83 and had pancreatic cancer, family members said. Maxwell joined The Times as controller in 1969 and later became the newspaper's vice president of finance. In 1982, he was named a vice president of Times Mirror, where he had a succession of financial responsibilities.