If you want to beat 'em, buy 'em.
The company filed for bankruptcy with nearly $13 billion of debt and $7.6 billion of assets.
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[credit provider=”WBEZ” url=”http://www.wbez.org/”] On Monday, following over five hours of arguments over Chicago-based newspaper publisher Tribune’s bankruptcy, a hearing was called to an end by U.S. Bankruptcy Judge Kevin J. Carey.The debate: sue or settle with JPMorgan Chase & Co. (and other senior lenders) who provided the funds for the […]
by David Carr reviews former L.A. Times editor James O’Shea‘s new book “The Deal From Hell: How Moguls and Wall Street Plundered Great American Newspapers.”
Braulio Ramirez via Flickr
So this is still going on: Lee Abrams did an “exclusive” interview with the online video studio My Damn Channel to further address his controversial departure from the Tribune Co.
[credit provider=”image via The Chicago Tribune” url=”http://articles.chicagotribune.com/2010-10-15/business/ct-biz-1016-abrams-tribune-20101015_1_innovation-officer-lee-abrams-chief-executive-randy-michaels-bankruptcy-judge-kevin-carey”] Ex-Tribune exec Lee Abrams still appears to be frustrated with the circumstances of his ouster from the Tribune Company.The ouster was triggered by Lee’s sending a memo to the whole company highlighting a booze-on-boobs video from the Onion (only a few days after […]
[credit provider=”AP”] The Chicago Tribune is reporting that Tribune Company CEO Randy Michaels will resign before the end of the week in the wake of an explosive New York Times piece that uncovered the fratty, sexist behaviour of Michaels and other top executives at the bankrupt owner of The Chicago […]
[credit provider=”image via The Chicago Tribune” url=”http://articles.chicagotribune.com/2010-10-15/business/ct-biz-1016-abrams-tribune-20101015_1_innovation-officer-lee-abrams-chief-executive-randy-michaels-bankruptcy-judge-kevin-carey”] Allow us to take a second to catch you up.The New York Times’ David Carr recently published an explosive piece detailing the fratty, sex-talk-fuelled behaviour of Tribune Company executives. Despite the massive PR crisis this triggered, Tribune Co. chief innovation officer and former […]
The Tribune Company has suspended its chief innovations officer, Lee Abrams, for firing off an inappropriate company-wide memo on Monday.
There’s a big expose in today’s New York Times about how Sam Zell not only bankrupted the Tribune’s coffers, but also its culture.
[credit provider=”Jason McELweenie via Flickr” url=”http://www.flickr.com/photos/deneyterrio/2327659041/”] Real estate mogul Sam Zell bought out the Tribune Co., which publishes The LA Times and Chicago Tribune, in 2007 and proceeded to run it into the ground.Now creditors for the bankrupt company want to Sue Zell for leaving Tribune Co. with stacks of […]
Jason McELweenie via Flickr
The Associated Press
I can confirm the press reports: I’m in talks to take over the Chicago Tribune. It’s me, I understand, or Michael Eisner, who once was in the media business. (The media business may be interesting to nobody else, but once you’re in it, you’ll never get enough of it.) Discussions […]