Classified Ventures LLC, the media company backed by five newspaper publishers including Gannett Co. and McClatchy Co., is working with Moelis & Co. to seek a sale of its Cars.com website, said a person with knowledge of the matter.
Northwestern University football players seeking to form the first union of college athletes have so far presented a weak case that they are employees of the school, the National Labor Relations Board officer presiding over the hearings said.
Chicago is now the city of big debt, where each of its 2.7 million residents -- from infants in diapers to senior citizens on fixed incomes -- is on the hook for about $20,000 in long-term pension promises and bond obligations. Like the relentless snow clogging the city’s streets, it just keeps piling up.
Tribune Co.’s proposed spinoff of its newspapers will probably happen by midyear, allowing time to vet candidates to run a business that includes the Los Angeles Times and Chicago Tribune, people with knowledge of the matter said.
Chicago Tribune, the flagship newspaper of bankrupt Tribune Co., said it would close its Rome bureau and reduce the number of employees in Jerusalem as part of a previously announced plan to lower expenses.
Publisher Tribune Co. filed a modified Chapter 11 plan on Oct. 23 incorporating a revised settlement announced this month. In addition to Tribune, proponents of the revised plan include the official creditors’ committee, senior lenders Oaktree Capital Management LP and Angelo Gordon & Co., and JPMorgan Chase Bank NA, as agent for the senior lenders.
Between scouting banquet halls for eighth-grade graduation and disciplining a boy who bit a classmate, Principal Aaron Rucker spotted five gang members near William H. Ryder Elementary and pulled his silver Range Rover to the curb.
Tom Thibodeau will be named the National Basketball Association Coach of the Year after leading the Chicago Bulls to a league-best 62-20 regular-season record, the Chicago Tribune reported, without saying where it got the information.