Analysis of information sources in references of the Wikipedia article "Tribune Publishing" in English language version.
Tribune Completes Acquisition of Real Estate from TMCT Partnership.
Tribune Co.'s $8.2 billion buyout closed Thursday [December 20, 2007] after an 8½-month wait to secure final approval and financing, taking the ailing newspaper and TV company private under the control of real estate billionaire Sam Zell. At closing, former Clear Channel CEO Randy Michaels was named CEO of Interactive and Broadcasting. Michaels also oversees most of the Tribune papers.
{{cite web}}: CS1 maint: multiple names: authors list (link)Less than a year after Mr. Zell bought the company, it tipped into bankruptcy, listing $7.6 billion in assets against a debt of $13 billion, making it the largest bankruptcy in the history of the American media industry.
At a special shareholder meeting held in the building that The Chicago Tribune calls home, the deal won support from 97 percent of votes cast...
Tribune Publishing will be born in a punishing print environment, but it will start off with $350 million in debt, of which $275 million will pay a one-time cash dividend to Tribune's shareholders. That falls far short of the enviable $2 billion cash cushion Rupert Murdoch's News Corporation gave its print division last year, but far better than the $1.3 billion in debt that Time Inc. started with when it was spun off in June.
Turns out, not so much — quite the opposite, really. The Washington Post seems fine, but recently, in just over a week, three of the biggest players in American newspapers — Gannett, Tribune Company and E. W. Scripps, companies built on print franchises that expanded into television — dumped those properties like yesterday's news in a series of spinoffs.
Tribune Completes Acquisition of Real Estate from TMCT Partnership.
Less than a year after Mr. Zell bought the company, it tipped into bankruptcy, listing $7.6 billion in assets against a debt of $13 billion, making it the largest bankruptcy in the history of the American media industry.
Tribune Co.'s $8.2 billion buyout closed Thursday [December 20, 2007] after an 8½-month wait to secure final approval and financing, taking the ailing newspaper and TV company private under the control of real estate billionaire Sam Zell. At closing, former Clear Channel CEO Randy Michaels was named CEO of Interactive and Broadcasting. Michaels also oversees most of the Tribune papers.
Tribune Publishing will be born in a punishing print environment, but it will start off with $350 million in debt, of which $275 million will pay a one-time cash dividend to Tribune's shareholders. That falls far short of the enviable $2 billion cash cushion Rupert Murdoch's News Corporation gave its print division last year, but far better than the $1.3 billion in debt that Time Inc. started with when it was spun off in June.
Turns out, not so much — quite the opposite, really. The Washington Post seems fine, but recently, in just over a week, three of the biggest players in American newspapers — Gannett, Tribune Company and E. W. Scripps, companies built on print franchises that expanded into television — dumped those properties like yesterday's news in a series of spinoffs.