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Tribune newspaper unit to pay up to $275 million in spinoff

Tribune Publishing, which will own the L.A. Times and seven other newspapers, will pay a dividend of up to $275 million to parent Tribune Co. when it is spun off this year.The new Tribune Publishing Co. will own the Los Angeles Times, the Chicago Tribune and other newspapers's newspaper unit will pay a dividend of up to $275 million to its parent when it is spun off later this year, according to a...
Source : Los Angeles Times |
Category : Headlines

Tribune newspapers, including L.A. Times, prepare for cost-cutting

Tribune newspapers, including the Los Angeles Times, may be due for another round of cost-cutting. Above, at the Tribune Tower in Chicago., parent of the Los Angeles Times, is reviewing operations in an effort that will likely result in staff reductions at the company's daily newspapers.Tribune announced in July that it planned to separate its newspapers from the company's other assets. The new owners...
Source : Los Angeles Times |
Category : Business

Now, an app that reads stories from hundreds of newspapers while you drive

new app Newsbeat, launched by Tribune Co., reads you stories from hundreds of newspapers....
Source : Webindia123 |
Category : Headlines

Tribune Print Arm to Pay Parent a Dividend

newspaper publishing division of Tribune Co. will pay its parent company a dividend of as much as $275 million immediately before it is spun off into a separate company, Tribune said in a regulatory filing Friday.The publishing division, which is home to newspapers including the Los Angeles Times and Chicago Tribune, plans to raise about $325 million in debt to finance the dividend payment, the filing...
Source : WSJ |
Category : Others

Tribune Co. Looks to Turn Readers Into Listeners

Publisher Launches New Mobile App That Plays Audio Summaries of Newspaper ArticlesTribune Co. has a new tactic to address long-term declines in newspaper readership—try to turn readers into listeners.Tribune on Thursday announced the launch of a free mobile news streaming application, called Newsbeat, which allows users to listen to audio summaries of newspaper articles published by Tribune as well...
Source : WSJ |
Category : Others

Digital media a priority for Tribune Publishing CEO Jack Griffin

Veteran publishing executive Jack Griffin will be CEO of Tribune Publishing, which is being spun off from Tribune Co. Times Publisher Eddy Hartenstein will chair the board in a non-executive role.Tribune Co. on Thursday named veteran media executive Jack Griffin, left, CEO of the soon-to-be Tribune Publishing, which will include eight newspapers including the Los Angeles Times. Eddy Hartenstein, right,...
Source : Los Angeles Times |
Category : Headlines

Tribune To Cut 700 Publishing Jobs

Tribune Co. will cut nearly 700 jobs in its publishing business, as part of a restructuring aimed at bolstering the media company's digital operations.The staff reductions represent about 6% of Tribune's overall workforce, a Tribune spokesman said, and will be spread out across the company's newspaper properties, including the Chicago Tribune...
Source : WSJ |
Category : Others

Tribune to Meet With Lawmaker on Spinoff

Media company Tribune Co. said its management plans to meet with Rep. Henry Waxman, a California Democrat, to discuss his concerns about the impact on the Los Angeles Times of Tribune's proposed newspaper spinoff.The congressman raised his concerns in a letter to Tribune Chief Executive Peter Liguori last week. Rep. Waxman pointed to Tribune's disclosures in a regulatory filing this month that the...
Source : WSJ |
Category : Others

Tribune Revenue Sinks on Publishing Weakness

Tribune Co. said its fourth-quarter revenue shrank 11% as the media company posted weaker broadcasting and publishing results.The company, which emerged from bankruptcy in late 2012, is preparing to spin off the newspaper-publishing group that includes the Los Angeles Times, Baltimore Sun and Chicago Tribune by midyear. In November, the company said it would eliminate around 700 jobs from the newspaper...
Source : WSJ |
Category : Others

International Herald Tribune gets new name for digital age

Oct 4, 2013 photo shows company names at the entrance of the building of the International Herald Tribune headquarters, are seen in Paris.  A chapter in newspaper history drew to a close on Tuesday with the renaming of the 125-year-old International Herald Tribune, amid a time of unprecedented upheaval for print media. -- FILE PHOTO: APPARIS (AFP) - A chapter in newspaper history drew to a close on...
Source : Straits Times |
Category : Science N Technology