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Tribune Company
From Wikipedia, the free encyclopedia
 |
Please help improve this article or section by expanding it. Further information might be found on the talk page or at requests for expansion. (January 2007) |
| Tribune Company | |
|---|---|
 |
|
| Type | Private |
| Founded | 1847 |
| Headquarters | Chicago, Illinois |
| Key people | Sam Zell, Chairman and CEO Randy Michaels, Executive Vice President and CEO of Interactive and Broadcasting Scott Smith, President of Tribune Publishing John Reardon, President, Tribune Broadcasting |
| Industry | Entertainment |
| Products | television, newspapers, radio |
| Revenue |  2% ($5.73 billion USD, FY 2005) |
| Employees | 21,500 |
| Slogan | various |
| Website | www.tribune.com |
The Tribune Company is a large American multimedia corporation based in Chicago, Illinois. It is the nation's second-largest newspaper publisher, responsible for the Chicago Tribune, Los Angeles Times, Newsday, Hartford Courant, and the Baltimore Sun, among others. Through other subsidiaries, the Tribune Company also owns Tribune Broadcasting, Tribune Entertainment, Tribune Media Services, and the Chicago Cubs baseball team.
On April 2, 2007, Chicago-based investor Sam Zell announced plans to buy out the media company for $34.00 a share, totalling $8.2 billion. Zell's intentions were to turn the company private. The deal was approved by 97% of the Company's shareholders on August 21, 2007.[1] Privatization of the Tribune Company occurred on December 20, 2007 with termination of trading in Tribune stock at the close of the market.[2]
On 21 December 2007, Tribune and Local TV announced plans to collaborate in the formation of an as yet unnamed "broadcast management company".[3]
- ^ Desiree J. Hanford. "Tribune Shareholders Back Zell’s Takeover", Media & Advertising, Chicago: The New York Times, 2007-08-21. Retrieved on 2007-12-21. "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..."
- ^ Dave Carpenter (Associated Press). "Tribune buyout, at $8.2 billion, closes in Chicago", Business, Chicago: The News Journal, 2007-12-21. Retrieved on 2007-12-21. "Tribune Co.'s $8.2 billion buyout closed Thursday after an 8 1/2-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."
- ^ Tribune Company (2007-12-20). "Tribune and Local TV to Form Broadcast Management Company". Press release. Retrieved on 2007-12-21. “Tribune Company and Local TV have entered into a letter of intent to create a third-party broadcast management company which will provide shared services to all of the stations Local TV and Tribune Company own, respectively.”
- List of assets owned by Tribune Company
- List of professional sports team owners
- Lists of corporate assets
- DRTV Research
- Tribune Company's official website
- Media properties owned by the Tribune Company according to the Center for Public Integrity
- Tribune media profile
