September 27, 2013 |
Tribune Co., parent of the Los Angeles Times, is examining its operations in an effort that is likely to result in staff reductions at the company's daily newspapers. The company acknowledged a cost-cutting review is underway after Chicago business blogger Robert Feder wrote late Thursday that Tribune may slash as much as $100 million in expenses from its eight daily newspapers. A Tribune spokesman called Feder's report "grossly inaccurate" and said the company has not set an expense reduction target.
CALIFORNIA | LOCAL
November 21, 2012 |
SAN DIEGO - David Copley, owner and publisher of the San Diego Union-Tribune until it was sold in 2009, died Tuesday after crashing his Aston Martin near his home in La Jolla. Copley, 60, was found slumped in the front seat of his car early in the evening and rushed to Scripps Memorial Hospital, where he was pronounced dead. He had left a board meeting of the Museum of Contemporary Art San Diego, saying he did not feel well. The cause of death was an apparent heart attack; Copley had received a heart transplant in 2005.
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.
September 11, 2004 |
Tribune Co. said Friday that an internal investigation has uncovered more circulation problems at its two New York newspapers, forcing a further reduction in the overall numbers and resulting in a third-quarter charge of as much as $60 million to settle claims from advertisers. That charge follows a second-quarter pretax charge of $35 million for the estimated cost of settling claims from the initial circulation correction.
July 20, 2004 |
Circulation scandals that have rocked Tribune Co. newspapers Newsday and Spanish-language Hoy claimed the jobs of the publications' top two executives. Tribune, which also owns the Los Angeles Times, said it had named Newsday President Timothy Knight publisher of Newsday in Melville, N.Y., succeeding Ray Jansen, who is retiring. At Hoy in New York, Digby Solomon Diez was named interim publisher, succeeding Louis Sito, who also is retiring.
October 23, 2002 |
The New York Times is buying out the Washington Post and taking sole control of the Paris-based International Herald Tribune. The Post told its reporters Tuesday that it agreed to the sale only after the Times threatened to drive the Herald Tribune into ruin. The Times said the sale was by mutual agreement but had no response to the Post's charges, which represented a rare airing of dirty laundry between two newspaper titans.