Deadline Big Media 79 – The Amazon Streaming Box Podcast

By and | Friday April 4, 2014 @ 4:06pm PDT

Deadline Big Media podcast 79In this week’s podcast, Deadline’s executive editor David Lieberman and host David Bloom wrap up the latest in the big Aereo case before the U.S. Supreme Court later this month, including briefs from an unexpected collection of supporters and financial backer Barry Diller’s comments on the TV service’s future if it loses. The two Davids also weigh Amazon’s rather tardy arrival as a purveyor of video-streaming devices with this week’s launch of the Amazon Fire TV; the Tribune Co.’s evolution as its digital wing buys one TV-oriented data company and relaunches another; and Discovery’s latest in a flurry of deals, as it launches a digital studio in partnership with two big-name Hollywood veterans, Ron Howard and Brian Grazer.

Listen to the podcast in your choice of audio formats here:
Deadline Big Media podcast 79 (.MP3 version)
Deadline Big Media podcast 79 (.M4A version)
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Tribune Taps Keith Bowen To Be Chief Revenue Officer

By | Monday March 17, 2014 @ 2:27pm PDT

CHICAGO, Mar. 17, 2014—Tribune Company today announced the appointment of Keith Bowen to the newly created position of Chief Revenue Officer. tribune-co-logo-2__120911005937Bowen will be responsible for maximizing revenue across the company’s growing broadcast and digital media portfolio, including its local television stations and WGN America. He will lead the company’s effort to drive its revenue streams and identify new opportunities for growth. Bowen will begin his new duties on April 1, and will report to Tribune’s President and Chief Executive Officer, Peter Liguori.

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Tribune Names Ex-CNN Exec Christa Robinson CCO

By | Monday November 11, 2013 @ 11:20am PST

Christa Robinson has been hired as Tribune’s Chief Communications Officer, effective immediately, the company said today. She will report to Tribune’s President and CEO, Peter Liguori. Robinson moves to Tribune from CNN where she led communications and public … Read More »

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Tribune Unveils Plan To Spin Off Its Publishing Business

By | Wednesday July 10, 2013 @ 4:26am PDT

Tribune just took a page from the play books of Rupert Murdoch, who recently separated his print operations from entertainment at Fox, and Time Warner, which plans to spin off its magazine unit. Today’s announcement follows Tribune’s agreement last week to pay $2.7B for Local TV, which will make it the nation’s No. 1 independent owner of major network TV affiliates. Tribune also has acknowledged that it’s shopping its newspapers which include the Los Angeles Times, Chicago Tribune, Baltimore Sun, and Hartford Courant. The company offers familiar justifications for the spin off of its assets in the weakening print business to create a new company called Tribune Publishing: It will enable the execs running that operation to focus on its special needs with its own capital structure — and give them additional flexibility to cut deals. CEO Peter Liguori adds an obligatory assurance to his reporters and editors that the change “will bring single-minded attention to the journalistic standards, advertising partnerships and digital prospects of our iconic newspapers, while also enabling us to take advantage of the operational and strategic opportunities created by the significant scale we are building in broadcasting.” Each company will generate more than $1B a year in revenues after the separation, with sufficient cash flow to “put these businesses in a strong position for continued success.” It could take as long as a year, though, for Tribune to hammer out the details for the spin off — and to secure the approvals it will need from tax officials and the SEC, among others. The company warns “that there can be no guarantee that the transaction will be concluded or assurances as to transaction terms.” Tribune emerged from the media industry’s biggest bankruptcy ever at the end of 2012.  Its chief creditors — Oaktree Capital Management, Angelo, Gordon & Co. and JPMorgan Chase & Co – were empowered to run Tribune, valued then at $4.5B. In Q1 publishing accounted for about 66% of Tribune’s $705M in revenues, but 56% of the $83.5M in operating profits.

Here’s today’s release: Read More »

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Latest LA Times Layoffs Hit Ahead Of Potential Sale

By | Saturday June 29, 2013 @ 3:15pm PDT

Another round of layoffs has hit the LA Times as parent Tribune Co. looks to unload the newspaper along with seven others. Multiple reports say Friday’s cuts affected at least 20 staffers, … Read More »

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First Step In LA Times Sale Soon: Report

By | Wednesday June 12, 2013 @ 3:02am PDT

According to the Orange County Register, the financial books for the entire Tribune Co newspaper group are expected to be sent out any day now. It’s the first step in the bidding process. “The anticipated sale of the Los Angeles Times and seven other Read More »

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Conservative Koch Brothers Circling Tribune Newspapers Including LA Times: NYT

By | Saturday April 20, 2013 @ 6:23pm PDT

NewsCorp.’s Rupert Murdoch and a coalition of buyers led by Ron Burkle and Eli Broad have been eyeing the Tribune Co. sale. But sources tell the NYT that Koch Industries, … Read More »

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Consumer Advocate Calls Tribune Hiring Of Former FCC Official “Nauseating”

By | Tuesday January 29, 2013 @ 3:18pm PST

TribuneFree Press CEO Craig Aaron is ringing alarm bells today after the broadcast and newspaper power — which just emerged from bankruptcy — hired a new general counsel: Edward Lazarus, who was FCC Chairman Julius Read More »

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Peter Liguori On “165-Year-Old Startup” Tribune: Video

By | Friday January 18, 2013 @ 9:52pm PST

For anyone remotely curious about what the future holds for Tribune under the leadership of newly appointed CEO Peter Liguori, the company’s KTLA broadcast this interview. Liguori’s impressive resume includes stretches at Fox Broadcasting and Discovery Networks. This being KTLA, the focus was on TV with a passing reference to the company’s dozen newspapers which include the Los Angeles Times and Chicago Tribune. Many observers expect the company to offload the newspapers and concentrate on its broadcast assets. Watch the video after the jump. But beware the infernal autoplay. Read More »

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Tribune Taps Peter Liguori To Be CEO, Eddy Hartenstein To Run LA Times, As Expected

By | Thursday January 17, 2013 @ 3:45pm PST

This falls into the “as expected” category. We’ve known since November that Tribune was planning to offer the top job to Peter Liguori, who’s best known for his years as an executive at Fox and Discovery. Now that Tribune has emerged from bankruptcy protection, it’s widely believed that the company will focus on its broadcast properties which include 23 television stations as it tries to unload its fleet of newspapers which include the Los Angeles Times, Chicago Tribune, The Baltimore Sun and the Hartford Courant. Tribune Chairman Bruce Karsh, the co-founder of Oaktree Capital Management — a major stakeholder in the media company — calls Liguori “the ideal choice to be Tribune’s next Chief Executive Officer. He has the talent and experience to lead the company forward, and has a track record of success.” In a memo to staffers, Liguori said that he wants the broadcast properties to air “compelling, original programming and best-in-class local news.” And newspapers must provide readers with “the content they need and want, wherever they are and whenever they want it.” He looks to “accelerate our digital offerings and get paid for them” urging employees to do “more blogging, tweeting and recording to deepen our relationship with our audience.” He plans to meet with employees and urged them to “Please be candid and direct with me and I promise that I will actively listen to you….I am passionate about succeeding.  I know you are too.”

Eddy Hartenstein had run the LA Times before May 2011 when he was picked to run Tribune as it struggled with its bankruptcy problems. The former DirecTV chief says he is “pleased that the Chapter 11 process is complete and we can all turn our full attention to growing our business and making this company as successful as possible.”

Here’s today’s release: Read More »

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Tribune Will Emerge From Bankruptcy Protection Today

TribuneThe biggest media industry bankruptcy ever will end today after four years with Tribune’s chief creditors — Oaktree Capital Management, Angelo, Gordon & Co. and JPMorgan Chase & Co – empowered to run the Chicago based broadcasting and newspaper power. … Read More »

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Tribune Prepares To Sell Its Newspapers: Bloomberg

By | Tuesday December 11, 2012 @ 12:48pm PST

This process should tell us whether the money people believe metropolitan dailies have much life left. Tribune, which is expected to emerge from bankruptcy protection at year end, is looking for a banker to help sell its eight newspapers … Read More »

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Peter Liguori Lined Up To Run Tribune: WSJ

By | Saturday November 17, 2012 @ 9:24am PST

Former News Corp and Discovery Communications executive Peter Liguori is expected to be appointed CEO of Tribune now that the FCC approved the transfer of TV and radio licenses to the company’s new owners. The 24 licenses were the last … Read More »

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Tribune Prepares To Emerge From Bankruptcy As It Secures FCC Cross-Ownership Waivers

By | Friday November 16, 2012 @ 3:07pm PST

The FCC’s Media Bureau gave Tribune a permanent waiver so it can continue to own a TV station and newspaper in Chicago, and temporary ones so it can ignore the government’s cross-ownership restrictions in New York, Los Angeles, South Florida and Hartford. The decisions “will enable the company to continue moving forward toward emergence from Chapter 11, a process we expect to complete over the course of the next several weeks,” CEO Eddy Hartenstein says. It also could set a precedent if News Corp — which also owns TV stations in LA and Chicago — decides to buy the Los Angeles Times or Chicago Tribune. Tribune owns 23 TV stations and eight newspapers, and would like to sell some assets to stabilize its finances. Rupert Murdoch is intrigued by the possibility of picking up some major newspapers once News Corp splits its publishing operation off into a separate, publicly traded company.

Related: Peter Liguori In Talks To Run Tribune: Reuters Read More »

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FCC Weighs Tribune License Transfers, Easing Cross-Ownership Rules

By | Wednesday November 14, 2012 @ 6:11pm PST

TribuneThe FCC is poised to decide whether to allowing Tribune Co. to retain control of TV stations and newspapers in five major markets, Bloomberg reports. FCC Chairman Julius Genachowski recommends agency approval of Tribune’s license transfers as … Read More »

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Cablevision And Tribune Seal Carriage Deal

By | Friday October 26, 2012 @ 5:24pm PDT

BETHPAGE, N.Y., OCTOBER 26, 2012 – Cablevision Systems Corp. (NYSE: CVC) today announced that it has reached agreement with Tribune Company to return Tribune-owned stations to Cablevision, including WPIX in New York. Returning to Cablevision are WTIC, the exclusive source

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Peter Liguori In Talks To Run Tribune: Reuters

By | Friday September 21, 2012 @ 1:42pm PDT

The former Fox Broadcasting president and Discovery Communications COO is a “leading candidate” to become Tribune‘s CEO after it emerges from bankruptcy, Reuters says. The wire service, citing two unnamed sources “close to the situation,” says that … Read More »

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Bankruptcy End Nears For Tribune, Judge Confirms Reorganization Plan: LAT, Chicago Tribune

By | Monday July 23, 2012 @ 11:20pm PDT

It’s official. A federal judge today confirmed a plan for Tribune Co. to emerge from Chapter 11 bankruptcy, according to the Los Angeles Times and Chicago Tribune. Deadline reported last week that Judge Kevin Carey said he … Read More »

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Tribune Bankruptcy Plan OK’d By Judge

By | Friday July 13, 2012 @ 5:53pm PDT

A federal bankruptcy judge today approved Tribune Co.‘s plan to emerge from Chapter 11 bankruptcy. After overruling one objection and persuading a creditor to withdraw another, U.S. Bankruptcy Judge Kevin Carey said he would sign an order approving the plan after final wording changes were made. Tribune owns 23 television stations and and eight daily newspapers including the Chicago Tribune and Los Angeles Times. The company will now seek Federal Communications Commission approval for the new owners — banks and hedge funds including Oaktree Capital Group, J.P. Morgan Chase & Co. and Angelo Gordon & Co. Without the FCC’s permission and transfer of station broadcast licenses to the new owners, Tribune can’t execute its restructuring plan. Depending on how long that process takes, some believe Tribune could emerge from bankruptcy as early as August. Tribune filed for bankruptcy protection in December 2008. Read More »

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