Gary Weitman News
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Labor groups are putting pressure on Tribune Co.’s largest shareholder to prevent the possible sale of the Los Angeles Times to billionaire brothers David and Charles Koch.
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Tribune Co., the publisher that emerged from bankruptcy at the end of last year, said it hired JPMorgan Chase & Co. and Evercore Partners Inc. as financial advisers after receiving unsolicited interest in its newspapers.
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DirecTV announced today that it had reached a “handshake deal” with Tribune Co. on a programming agreement on March 29, a statement that Tribune later said has left them “puzzled” and denying any accord.
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Robert Moffat, a former International Business Machines Corp. senior vice president, was sentenced to six months in prison for leaking information to Danielle Chiesi, a consultant for New Castle Funds LLC.
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Tribune Co., the media company that entered discussions to sell its newspapers earlier this year, is seeking a single buyer for all of the publications, said two people with knowledge of the process.
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Tribune Co. creditors sued former Chief Executive Officer Dennis FitzSimons and other former and current executives to recoup payments they received within a year of the company seeking bankruptcy protection.
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Newspaper owners, struggling with plunging demand and advertising spending at a six-decade low, are squeezing money out of the assets they do have with rising value: buildings and land.
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Tribune Co., owner of the Chicago Tribune, Los Angeles Times and six other daily papers, emerged from bankruptcy, four years after a doomed leveraged buyout by billionaire Sam Zell led to Chapter 11 proceedings.
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Tribune Co., the bankrupt owner of the Chicago Tribune, Los Angeles Times and six other daily newspapers, is interviewing bankers about selling its papers, according to two people with knowledge of the matter.
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The Federal Communications Commission is set to vote on relaxing media-ownership rules and ratifying Tribune Co.’s common control of television stations and newspapers in cities including New York and Chicago, a final step the company needs to emerge from bankruptcy.
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