Bulletin: Tribune Company files Chapter 11
CEO Sam Zell cites a “perfect storm” that has hit Tribune Company since it was taken private a year ago, making it difficult for...
Chapter 11 is the new chapter for Tribune Company
A year after taking Tribune Company private in a massive leveraged buyout, that huge debt load has led CEO Sam Zell to seek protection from a Federal
Marcus launching own hedge fund
Wall Street veteran Drew Marcus is exiting Deutsche Bank at the end of this year to launch his own hedge fund in the media...
Reports: Tribune girding for possible Chapter 11
Both the Wall Street Journal and New York Times reported on their websites late yesterday that Tribune Company has hired the investment banking firm...
Battle of the media ratings titans
The Nielsen Company is invading Arbitron’s turf, US radio ratings, so Arbitron is threatening to fight back by offering TV ratings with its Portable People Meter (PPM). If it comes to a showdown, who is likely
Sumner’s unintended consequences
What did Mark Thomas get when he bought Sumner Redstone’s 87% stake in Midway Games without consulting Midway management? Maybe a financial mess. The company says in an SEC filing that
Lessons Learned In Wilmington
I’ll admit it. I was naive. I thought this digital conversion would be just like Y2K – loaded with angst, and then a peaceful ending. I was wrong. We were not allowed to
Auto woes a double headache for Detroit media
The ailing automobile industry is a major news topic in Motor City, and by all rights, news organizations operating there want to throw as...
Scammers used media to lure victims
The Federal Trade Commission has busted a group of companies and individuals who used radio, television and newspaper advertising to attract victims with promises...
CC Outdoor, Vision Media Group install mall screens in UK
Clear Channel Outdoor, in partnership with Vision Media Group (VMG), continues to drive its digital outdoor strategy with the launch of HD digital mall...
Lender seeks receiver for Equity Media Holdings
Equity Media Holdings says in an SEC filing that its lenders have declared it in default and declared all loans immediately due and payable....
Viacom cutting staff and costs
Viacom announced plans to eliminate 850 jobs, about 7% of its work force, and freeze senior level salaries for 2009. The company will also...
Will Matthews have to give up his day job?
The rumors swirling around MSNBC’s Chris Matthews and his possible run for the US Senate seat in Pennsylvania are strong enough that his immediate...
Belo details political coverage
Television group Belo took a multipronged approach to following the 2008 US election season, providing extensive news coverage, hosting debates and providing free air...
Scripps wants to sell Rocky Mountain News
Saying its share of operating income from a Joint Operating Agreement (JOA) in Denver is not enough to cover editorial costs, E.W. Scripps put the Rocky Mountain News up