International Business News - Tribune http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif The Chicago Tribune notified its employees Wednesday that several members of its newsroom staff will leave the paper by the end of the week. Editor Gerould Kern's memo to employees, obtained by The Associated Press, did not specify the number of layoffs or who was leaving. Tribune spokesman Michael Dizon declined to comment on internal matters. http://www.ibtimes.com/articles/20081203/new-layoffs-announced-at-chicago-tribune.htm Wed, 03 Dec 2008 21:47:22 EST The Star Tribune has asked its labor unions to agree to $20 million in cuts by mid-January to address the newspaper's long-term debt. In a memo Tuesday to the company's 1,400 employees, chairman and publisher Chris Harte said "the survival of the company is at stake." http://www.ibtimes.com/articles/20081203/star-tribune-asks-unions-for-20m-in-cuts.htm Wed, 03 Dec 2008 07:51:50 EST At least three would-be buyers of the Chicago Cubs baseball franchise have submitted second-round bids to Tribune Co., according to newspaper reports. http://www.ibtimes.com/articles/20081202/3-suitors-give-second-round-bids-for-chicago-cubs.htm Tue, 02 Dec 2008 19:06:50 EST The suburban Detroit newspaper Daily Tribune says it will cut its print edition to four days a week from six. The newspaper published in Royal Oak says it's a way to save money during difficult economic times. The newspaper will be published on Wednesday, Thursday, Friday and Sunday, starting next week. http://www.ibtimes.com/articles/20081128/suburban-detroit-paper-cuts-back-print-edition.htm Fri, 28 Nov 2008 15:42:27 EST Standard & Poor's Ratings Services on Tuesday lowered its corporate credit and issue-level ratings on Tribune Co., citing the difficulty the struggling publisher is having in selling assets in the current environment. http://www.ibtimes.com/articles/20081111/s-p-lowers-ratings-on-tribune-co.htm Tue, 11 Nov 2008 23:46:57 EST The Tampa Tribune is shedding more of its newsroom staff, laying off 18 employees, including a longtime columnist and the editorial page editor. Monday's cuts are part of a staff reduction across Media General Inc.'s Florida Communications Group, and the latest in an industry plagued by declining circulation and advertising revenues. http://www.ibtimes.com/articles/20081111/tampa-tribune-lays-off-18-newsroom-employees.htm Tue, 11 Nov 2008 10:08:49 EST Tribune Co., owner of the Los Angeles Times and Chicago Tribune, other newspapers and the Chicago Cubs and Wrigley Field, said Monday it swung to a loss of $121.6 million for the third quarter as newspaper advertising revenue fell. http://www.ibtimes.com/articles/20081110/tribune-co-swings-to-121-6-million-loss-in-3q.htm Mon, 10 Nov 2008 16:21:36 EST The owner of the Chicago Cubs is willing to sell a smaller share of the baseball team than initially planned because the credit crunch has made it tougher for potential buyers to obtain loans, a person familiar with the talks said Friday. http://www.ibtimes.com/articles/20081107/ap-told-cubs-owner-is-may-sell-a-smaller-share.htm Fri, 07 Nov 2008 17:10:48 EST The East Valley Tribune, a daily newspaper primarily serving Phoenix suburbs, plans to cut 142 jobs early next year when its print edition will become a free distribution publication running four days a week. http://www.ibtimes.com/articles/20081007/ariz-newspaper-plans-to-cut-142-jobs-next-year.htm Tue, 07 Oct 2008 11:08:54 EDT Bruce G. Ray has been promoted to president and publisher of The Tribune in San Luis Obispo, replacing the retiring Joseph M. "Chip" Visci. The McClatchy Co. said Tuesday the change will be effective Oct. 13. http://www.ibtimes.com/articles/20081001/new-tribune-publisher-named-in-san-luis-obispo.htm Wed, 01 Oct 2008 17:15:55 EDT The Star Tribune said it skipped a $9 million quarterly debt payment to senior creditors to save cash as it tries to restructure its debt. All options were on the table, including a bankruptcy filing, chairman and publisher Christopher Harte told the newspaper, according to a story published Wednesday on its Web site. http://www.ibtimes.com/articles/20081001/star-tribune-skips-9m-debt-payment.htm Wed, 01 Oct 2008 13:47:36 EDT The Tribune Co., whose broadcasting division operates 23 television stations, spent $74,260 in the second quarter lobbying on telecommunications issues, according to a July congressional disclosure report. http://www.ibtimes.com/articles/20080930/tribune-spent-74k-lobbying-in-second-quarter.htm Tue, 30 Sep 2008 12:48:35 EDT Tony Hunter, an executive with the Chicago Tribune since 1994, has been named publisher, chief executive and president of the newspaper, Tribune Co. said Monday. http://www.ibtimes.com/articles/20080922/chicago-tribune-exec-hunter-named-publisher-ceo.htm Mon, 22 Sep 2008 13:38:36 EDT The Duluth News Tribune has gone through its second round of layoffs in a year, this time letting go of eight people from the newsroom. Executive Editor Rob Karwath said the job cuts were done purely for economic reasons. The newspaper cut about 12 employees in March. http://www.ibtimes.com/articles/20080919/minn-newspaper-lays-off-8-from-the-newsroom.htm Fri, 19 Sep 2008 14:11:36 EDT The credit crunch, which gives struggling newspaper companies more difficulties obtaining any cash they might need, will hit high-debt companies such as Tribune Co. particularly hard, an analyst said Thursday. http://www.ibtimes.com/articles/20080918/analyst-credit-crunch-will-hit-newspapers-hard.htm Thu, 18 Sep 2008 15:10:08 EDT The News Tribune on Monday offered voluntary buyout deals to 189 of its 350 full-time staffers although the publisher said the newspaper doesn't intend to accept anywhere near that number as it works to bring its expenses in line with reduced advertising income. http://www.ibtimes.com/articles/20080909/tacomas-news-tribune-offers-buyouts-to-189-staff.htm Tue, 09 Sep 2008 08:59:55 EDT Three Chicago Tribune editors are leaving the newspaper, among the first exits related to cost-trimming at the Tribune Company's flagship. The staff reductions announced Friday are a mix of voluntary and involuntary departures, says Tribune spokesman Michael Dizon, who declined to release numbers. http://www.ibtimes.com/articles/20080909/3-top-editors-at-chicago-tribune-agree-to-buyouts.htm Tue, 09 Sep 2008 07:48:41 EDT Six television stations owned by Tribune Co. will each carry a football game slated for cable and satellite distribution through the league's NFL Network, Tribune said Tuesday. http://www.ibtimes.com/articles/20080902/tribune-stations-reach-deal-to-carry-6-nfl-games.htm Tue, 02 Sep 2008 17:03:20 EDT Tribune Co. CEO Sam Zell said Tuesday that the media conglomerate has chosen five bidders for the Chicago Cubs. Zell said during a conference call with lenders that separate bids have been made on storied Wrigley Field, the nation's second-oldest baseball stadium. The team's sale must be approved by Major League Baseball. http://www.ibtimes.com/articles/20080826/zell-confirms-cubs-bidders-narrowed-to-5.htm Tue, 26 Aug 2008 16:58:09 EDT Fitch Ratings on Friday cut Tribune Co.'s credit rating further into "junk" status and said more reductions may come if newspaper advertising revenue declines keep accelerating. http://www.ibtimes.com/articles/20080822/fitch-cuts-tribune-ratings-deeper-in-junk-status.htm Fri, 22 Aug 2008 18:00:38 EDT