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Sun-Times Media, Chicago Tribune enter into print production contract The Chicago Tribune will begin printing the Chicago Sun-Times and seven of its suburban sister newspapers under an agreement announced Tuesday. Why newspapers have gone to hell Eyewitnesses can't be expected to produce the best dispatches from a calamity. They're usually too bound in bandages and cross-stitched with sutures to understand anybody's pain but their own. Extra! Extra! Tribune Fees Top $150 Million You won't find Tribune Co.'s bankruptcy lawyers looking in the want ads any time soon. Professional fees topped $150 million last month in the newspaper publisher and television station operator's Chapter 11 case. The Newsonomics of (California Watch's) single, investigative story It's a week to celebrate great investigative work. ProPublica made some history with its Pulitzer for online-only work about the financial meltdown, and the Los Angeles Times crowned its success with the larger-than-life Bell corruption tale, winning its own top prize. Tribune co-president testifies noteholder plan will 'scare sway' partners If Tribune Co.'s noteholders win permission to reorganize the bankrupt publisher, they will "scare away" potential business partners, company co-President Eddy Hartenstein said in court. Tribune Co. bankruptcy nearing finish line After 27 months of legal wrangling, Tribune Co. and its creditors are finally headed into what could be the deciding chapter of the company's tangled bankruptcy saga. Tribune creditors face off in court Tribune Co. creditors began a court fight yesterday over a plan to reorganize the bankrupt newspaper publisher by shifting $1.57 billion in losses onto lenders led by JPMorgan Chase & Co. Consolidation seen as inevitable for Southern California's newspapers Not so many years ago, it wasn't very hard to understand ownership of Southern California's newspapers. The Chandlers had the Los Angeles Times, the Hoiles family controlled the Orange County Register, the Copleys reigned at the San Diego Union-Tribune and MediaNews Group, a chain run by William Dean Singleton, owned a passel of suburban dailies. Tribune lenders drop competing bankruptcy plan A group of lenders has withdrawn its plan for reorganizing newspaper owner Tribune Co, leaving two proposals for ending the company's two-year stay in bankruptcy, according to court documents. SHAKEUP AT MEDIANEWS Singleton's loss of clout could set stage for new wave of news consolidation On the surface, this looks like a way for Dean Singleton to pursue his vision of consolidation, something he alluded to at the time MediaNews emerged from bankruptcy. But in reality, the shakeup robs him of nearly all his clout. So the question becomes, what will happen next? Reuters America claims new territory; first stop, Chicago & Tribune On the surface, it looks like the tale of new bedfellows, Reuters and Tribune, has a couple of great storylines. Number one would be that Reuters, the Brit insurgent, having rallied its forces makes another foray into the U.S. market Creditors sue to get money back from Tribune Co. executives, managers Owen Youngman worked for the Chicago Tribune for 37 years. When the newspaper's parent, Tribune Co., went private in December 2007, he received a check for $328,049 that paid him for stock-based compensation he had accumulated during his management career. Now, three years later, Youngman, who no longer works for the company, is being sued to return the money. |
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