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90-463: The joint service was formed in 1962 and was the product of discussions between the two newspapers' well-known publishers, Otis Chandler and Philip Graham . Chandler and Graham considered sharing foreign correspondents, as both were expanding foreign coverage to compete with the New York Times ; instead they decided to set up a joint news service. Each newspaper had 50 percent ownership of

180-444: A Delaware bankruptcy court . Oaktree Capital Management , JPMorgan Chase and Angelo, Gordon & Co. , which were the company's senior debt holders, assumed control of Tribune's properties upon the company's exit from bankruptcy on December 31, 2012. Coincident with emergence from bankruptcy, company stock began trading as an over-the-counter security under the symbol TRBAA. In December 2014, over-the-counter trading ended and

270-549: A musk ox in the Northwest Territories of Canada . He was airlifted to a hospital. Doctors estimated that his dislocated right arm would never fully heal, but, citing a disciplined training regimen, Chandler claimed to regain virtually all use. In 1995, at age 68, he crashed his motorcycle into a tractor while in New Zealand . He lost part of the big toe on his left foot, saw another toe severely damaged and

360-497: A "broadcast management company" (later named The Other Company). On January 31, 2008, Tribune Company announced it would purchase real estate leased from TMCT, LLC, which included properties used by the Los Angeles Times , Newsday , Baltimore Sun and Hartford Courant . The company received an option to purchase the real estate for $ 175 million through the 2006 restructuring of TMCT, LLC. In addition, Tribune announced

450-644: A 12.5% stake in The WB Television Network in August 1995; the company had ten of its 16 stations affiliated with the network (including five that were signed as charter affiliates through The WB's initial 1993 affiliation deal with Tribune). Tribune invested $ 21 million in The WB in March 1997, which increased its equity interest in the network to 21.9%. In November 1994, Tribune Broadcasting formed

540-660: A 24-hour local cable news channel for the Chicago area. Online editions of Tribune's newspapers were developed starting in 1995, with the Chicago Tribune ' s digital edition launching in 1996. Also in 1996, Tribune (holding a 20% interest) created a joint venture with American Online (which held an 80% interest) called Digital City, Inc. to set up a series of Digital City websites to provide interactive local news and information services. By 1997, Tribune Publishing had only four daily newspapers remaining in its portfolio:

630-586: A child, sliding down chutes that were used to drop papers to delivery trucks. While in college, he sometimes worked summers at the paper, most often moving printing plates and other heavy equipment. Despite that, Chandler did not envision journalism as a career during his youth; instead, he often said he would like to become a doctor. After leaving the Air Force in 1953, he had little direction for his career. When he arrived at his parents' home with his wife and first child, his father presented him with credentials for

720-561: A hand press. The Tribune constructed its first building, a four-story structure at Dearborn and Madison Streets, in 1869. The building was destroyed in the Great Chicago Fire of October 1871, along with most of the city. The Tribune resumed printing two days later with an editorial declaring "Chicago Shall Rise Again." Joseph Medill , a native Ohioan who acquired an interest in the Tribune in 1855, gained full control of

810-587: A hick town". Chandler attributed his pursuit of solo athletics like shotputting and weightlifting to the same sources, saying, "No one could say that the team carried me or that the coach put me in because my name was Chandler". Chandler was raised on a 10-acre (40,000 m ) citrus ranch in Sierra Madre owned by his parents. Despite his family's wealth, Chandler's father insisted that he perform field labor and did not spoil him with gifts. There Chandler spent much of his time alone, later in life unable to name

900-399: A high debt load related to the company's privatization and a sharp downturn in newspaper advertising revenue, Tribune filed for Chapter 11 bankruptcy protection . Company plans originally called for it to emerge from bankruptcy by May 31, 2010, but the company would end up in protracted bankruptcy proceedings for another four years. With the company's overall debt totaling $ 13 billion, it was

990-456: A joint venture with Knight-Ridder, CareerBuilder , that same year. After the 2001 September 11 attacks , the media sector suffered a greater decrease in advertising revenue. This forced a 10% reduction in staff companywide and a $ 151.9 million restructuring charge. In 2002 and 2003, Tribune Broadcasting bought four additional television stations, increasing its total television holdings to 26 stations, some of which were acquired via trades of

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1080-805: A partnership with several minority partners, including Quincy Jones , to form Qwest Broadcasting. Qwest operated as a separate company from Tribune (which owned stations in a few markets where Tribune had already owned stations, including WATL in Atlanta, which was operated alongside Tribune-owned WGNX ); Tribune entered into a new business sector when it formed Tribune Education in 1993. The sector grew and provided high profit margins. Through 1996, Tribune used $ 400 million to purchase several publishers of education material: Contemporary Books , Inc., The Wright Group, Everyday Learning Corporation, Jamestown Publishers, Inc., Educational Publishing Corporation, NTC Publishing Group and Janson Publications. In 1996, this group

1170-427: A seven-year executive training program at The Times . He started work right away as a pressroom apprentice on the graveyard shift . The pay was $ 48 a week. His father made sure that Chandler experienced work in all sections of the organization, assigning him to jobs in the industrial production of the paper, business management, clerical administration, and the news-gathering operation. In 1960, he became publisher of

1260-572: A single childhood friend. At the age of 8, Chandler was thrown to the ground during a horseback riding lesson. His mother rushed him to a hospital, where doctors initially reported he was dead. His mother rushed him to a second hospital, where a doctor she knew revived him with an adrenaline shot to the heart. Chandler first attended the Polytechnic School in Pasadena , often making his commute by bicycle. Later he would briefly attend

1350-420: A subsidiary, McCormick-Patterson. The company entered broadcasting in 1924 by leasing WDAP, one of Chicago's first radio stations. Tribune later changed the station's call letters to WGN , reflecting the Tribune ' s nickname, "World's Greatest Newspaper." WGN was purchased by the company in 1926 and went on to become prominent in the radio industry. In 1925, the company completed its new headquarters,

1440-464: A weightlifter, Chandler finished third in the nation competing in the heavyweight division. A sprained wrist kept him from competing as a shot putter for the United States in the 1952 Summer Olympics . After graduation, Chandler tried to enroll in an Air Force training program, but was turned down because he was too large to fit in the cockpit of a jet. Instead, he spent 1951 to 1953 in

1530-633: The Cate School boarding school in Carpinteria before his parents elected to send him east to attend Phillips Academy in Andover , Massachusetts . At the time he enrolled at Phillips, Chandler weighed 155 pounds. As a student he competed in basketball, soccer, the high jump, running and weightlifting. By the time of graduation, he weighed 200 pounds. Chandler enrolled at his parents' alma mater, Stanford University , in 1946. Like his father, he

1620-584: The Chicago Tribune ' s RedEye edition in 2003, followed by an investment in AM New York . That same year, Tribune pushed for the FCC to loosen its regulations barring cross-ownership of newspapers and broadcast outlets (television and/or radio) in a single market. Tribune would have to sell either a newspaper or television station in Los Angeles, New York City and Hartford while its combination of

1710-742: The Chicago Tribune , the Fort Lauderdale Sun-Sentinel , the Orlando Sentinel and the Daily Press . Tribune also set up its Tribune Ventures division to acquire stakes in newer media businesses. During the middle of that year, Tribune Ventures purchased interests in companies such as AOL (owning 4%), electronic payment specialist CheckFree Corporation (owning 5%), search engine company Excite , Inc. (owning 7%), Mercury Mail, Inc. (owning 13%), Open Market , Inc. (owning 6%), and Peapod LP (owning 13%). Also that year,

1800-693: The Elijah Parish Lovejoy Award as well as an honorary Doctor of Laws degree from Colby College . Chandler retired as publisher in 1980 at the age of 52 to become chairman of Times Mirror , reducing his involvement in the day-to-day operations of the company. The decision stunned the staff and outside observers, many of whom expected him to serve much longer. In 1986, Chandler won the Walter Cronkite Award for Excellence in Journalism to honor his years of service to

1890-654: The Food Network , in which the company had a 31% share. Prior to the August 2014 spin-off of the company's publishing division into Tribune Publishing , Tribune Media was the nation's second-largest newspaper publisher behind the Gannett Company , with ten daily newspapers, including the Chicago Tribune , Los Angeles Times , Orlando Sentinel , Sun-Sentinel and The Baltimore Sun , and several commuter tabloids . In 2007, investors bought

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1980-450: The Los Angeles Times . He quickly increased the budget of the paper, allowing it to expand its coverage. This coincided with the shift of the paper's editorial stance from overtly conservative to independent. Under Otis Chandler, The Times became a critically lauded newspaper. When Chandler took the job, the paper had only two outside offices. During his tenure it would expand to 34 foreign and domestic bureaus. In 1966 Chandler received

2070-651: The Los Angeles Times Syndicate , was manager of the Times-Post service from its foundation until at least 1968. Supplemental news services had great growth during 1960s and 1970s and by the end of the 1970s the Times-Post News Service had upwards of 200 clients. This was an era where newspapers were very profitable and were the key news source for most people. The growth of supplemental news sources continued even more so into

2160-695: The Meredith Corporation in exchange for KCPQ-TV in Seattle in March 1999. Later that year, the station purchased WEWB in Albany, New York and WBDC in Washington, D.C. Tribune Interactive, Inc. was incorporated to handle all the various websites for its publishing, television and radio, and newspaper properties. During the 1999 fiscal year, Tribune racked up $ 1.47 billion in profits on total revenues of $ 2.92 billion, in part from gains made on

2250-666: The New York Daily News saw multiple employee strikes. In 1980, the Daily News added an afternoon edition to go head-to-head with the New York Post ; this expansion failed, with the newspaper reverting to once-daily editions with the end of the afternoon edition in 1981. Also that year, the Independent Network News , an evening newscast intended for independent stations, was launched as

2340-660: The Orlando Sentinel and Time Warner Cable joined together to create the Orlando-based local cable news channel, Central Florida News 13 . Tribune also purchased a 31% stake in the Food Network . The company began the 1990s with six television stations, but changes to federal radio and television ownership regulations allowed Tribune to expand its television station holdings over the next decade. Tribune Broadcasting purchased ten additional stations by 1997, six of them acquired through that year's purchase of Renaissance Broadcasting for $ 1.1 billion in cash. Tribune purchased

2430-486: The Scripps Howard News Service with 350 as the next two closest. The service is said to have sent out 125 stories each day comprising 100,000 words. In addition to its regular service, Times–Post also offered a smaller service for a lesser price. The pair also started an all-sports service in 1984, which gained around 175 clients. An additional benefit of the service to the two sponsoring papers

2520-676: The Sun-Sentinel and WBZL-TV in Miami / Fort Lauderdale, Florida was given a temporary waiver. The FCC granted waivers for the other newspaper-television combinations in June 2003. In 2006, Tribune acquired the minority equity interest in AM New York , giving it full ownership of the newspaper. The company sold both Newsday and AM New York to Cablevision Systems Corporation in 2008. Tribune's partnership in The WB ended in 2006, when

2610-531: The Times said "after enjoying many years of great success together, we've agreed the time has come to move in separate directions." The split was likely motivated by The Tribune Company 's purchase of the Times in 2000, the recent effects of the Great Recession , and economic difficulties in general for the newspaper industry . Media writer Howard Kurtz wrote, "One of the oldest corporate marriages in

2700-550: The Times , generating a record $ 2 million in ad revenue. But as one of the arena's 10 "founding partners", the paper had agreed to share the issue's ad revenue with the Staples Center without telling its reporters or readers about the fiscal arrangement. Chandler, who had retired 19 years prior, sent his message directly to reporters, to the dismay of the newspaper's management. His successors, he said, had been "unbelievably stupid" and caused "the most serious single threat to

2790-581: The Tribune Tower . That same year, the company decided to fund the future Joseph Medill School of Journalism at Northwestern University . Liberty magazine eventually exceeded Collier's circulation, but lacked sufficient advertising and was sold in 1931. The Tribune's European edition was also cut. However, Tribune launched the Chicago Tribune-New York News Syndicate content syndication service in 1933. With

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2880-567: The "most viewed" category on the South Florida Sun-Sentinel ' s website. Google News index's next pass found the link as new news. Income Security Advisors found the Google result to be new news, which was passed along to Bloomberg News where it became a headline (Tribune, which owns both papers, noted that one click on a story in non-peak hours could flag an article as "most viewed" ). On December 8, 2008, faced with

2970-522: The 1980s. The Times-Post News Service was beneficial to many newspapers who had little or no national or international coverage. Indeed, some of its clients, such as New York World Journal Tribune , had no foreign correspondents at all and relied on the service for coverage of such matters. By 1992 the Times had 32 foreign correspondents and Post 25, second and third to The New York Times 37 but outweighing that number when combined. Subscribing clients also benefited from any investigative reporting that

3060-577: The Air Force's ground service, as a co-captain of the track team and supervisor of athletics and drama at Camp Stoneman in Pittsburg , California . On his 23rd birthday, Chandler proposed to his college sweetheart, Marilyn Brant, on the seventh hole of the Pebble Beach golf course. Their first child was a boy named Norman after Chandler's father. Chandler visited The Times frequently as

3150-535: The FCC's 39% market share cap), which had been removed by Tom Wheeler during the final months of the Obama administration . The stocks of both companies rose in value in the wake of these rumors. As was expected, the FCC reinstated the UHF discount; under adjusted calculations, the two companies only had a combined market share of 42%, meaning that the combined company would be required to divest stations in order to stay below

3240-710: The Sentinel-Star Company, owners of the Orlando Sentinel , in 1965. Also in 1963, the company purchased part of the defunct New York Mirror . The company increased its broadcast holdings with the acquisition of radio station WQCD-FM in New York City in 1964 and independent television station KWGN-TV in Denver in 1965. In 1967, the company began printing a tabloid serving suburban areas of Chicago, The Suburban Trib . The corporation

3330-521: The Tribune Company and McClatchy. The company stopped publishing the tabloid Chicago Today in 1974; the Tribune also began publishing all-day editions. An approval of changes to the Tribune bylaws in 1974 triggered a lawsuit by shareholders who saw this as a move towards taking the company public. The lawsuit by Josephine Albright – Joseph Patterson's daughter – and her son, Joseph Albright,

3420-441: The age of 78 due to the effects of Lewy body disease , seven months after his diagnosis. Chandler had had earlier problems with his health, suffering from prostate cancer in 1989 and a 1998 heart attack. Chandler was an enthusiastic athlete and thrill seeker, an image he actively cultivated. He was featured on the cover of sporting magazines like Road & Track , Strength and Health , and Safari Club . When photographed for

3510-403: The cable network from a superstation in 2014. In 2016, Tribune Media sold off real estate properties to net $ 409 million while authorizing $ 400 million in share repurchasing. In December 2016, Tribune Media sold Gracenote to Nielsen Holdings for $ 560 million; Tribune planned to use the sale to pay down a debt of $ 3.5 billion. Cash on hand was expected to pay out $ 500 million in dividends in

3600-444: The cap. However, there was only an 11% market overlap between Tribune and Sinclair's stations. On April 30, 2017, The Wall Street Journal reported that there were competing bids for Tribune from a partnership between 21st Century Fox and private equity firm Blackstone Group (under which Fox would contribute its existing station group into a joint venture with Blackstone), and Nexstar Media Group . The Fox/Blackstone deal

3690-471: The company began sharing stories among 25 subscribers via the newly formed news service , the Knight News Wire. By 1990, this service was known as KRT (Knight-Ridder/Tribune) and provided graphics, photo and news content to its member newspapers. When The McClatchy Company purchased Knight-Ridder Inc. in 2006, KRT became MCT (McClatchy-Tribune Information Services), which was jointly owned by

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3780-558: The company's radio stations; this left its one-time radio flagship WGN (AM) in Chicago as the company's sole remaining radio station. Tribune Publishing purchased the monthly lifestyle publication Chicago from Primedia , Inc. in August 2002. Hoy , a Spanish language newspaper owned by the company, expanded with the launch of local editions in Chicago (in September 2003) and Los Angeles (in March 2004). Tribune also launched daily newspapers targeting younger urban commuters, including

3870-543: The company's second newspaper, the New York News in 1919. Tribune's ownership of the New York City tabloid was considered "interlocking" due to an agreement between McCormick and Patterson. The paper launched a European edition during World War I . To compete with the Saturday Evening Post and Collier's in 1924, the Tribune Company launched a weekly national magazine, Liberty , run by

3960-599: The company's second syndicated television program, originating from WPIX . The New York Daily News was put up for sale in 1981, but a proposed deal fell through by 1982. In August of that year, Tribune purchased the Chicago Cubs Major League Baseball team from William Wrigley III . In 1981, all of Tribune's television stations, which were previously under the WGN Continental Broadcasting unit, were placed under

4050-510: The company's stock began trading on the New York Stock Exchange under the symbol TRCO. On February 26, 2013, it was reported that Tribune hired investment firms Evercore Partners and J.P. Morgan to oversee the sale of its newspapers. On July 1, 2013, Tribune announced that it would purchase the 19 television stations owned by Local TV, LLC outright for $ 2.75 billion. The FCC approved the acquisition on December 20, and

4140-500: The company's subsidiary Tribune Broadcasting Company . The following year, Tribune formed the Tribune Entertainment Company as a production subsidiary to produce the company's existing syndicated programs including the U.S. Farm Report , as well as newer shows. In 1983, The Suburban Trib was replaced by zone editions of the Chicago Tribune . That October, the Tribune Company became a public firm, with

4230-502: The company's value to shareholders, which include a possible sale of the entire company and/or select assets, or the formation of programming alliances or strategic partnerships with other companies, due to the decrease in its stock price since the Tribune Publishing spin-off and a $ 385 million revenue write-down for the 2015 fiscal year, partly due to original scripted programming expenditures for WGN America since it converted

4320-740: The company, taking on substantial debt. The subsequent 2008 bankruptcy of Tribune Company was the largest bankruptcy in the history of the American media industry. In December 2012 the Tribune Co. emerged from bankruptcy. Tribune announced its sale to Hunt Valley, Maryland -based Sinclair Broadcast Group on May 8, 2017, but on August 9, 2018, Tribune cancelled the sale and sued Sinclair for breach of contract. On December 3, 2018, Nexstar Media Group announced that it would merge with Tribune Media for $ 4.1 billion. Within Nexstar, Tribune Media remains

4410-400: The company, was removed and replaced by an executive council. The New York Times had reported earlier in the month about his "outlandish, often sexual behavior" that he also exercised in his previous job at Clear Channel Communications . On July 13, 2012, the Tribune Company received approval of a reorganization plan to allow the company to emerge from Chapter 11 bankruptcy protection in

4500-546: The company. Chandler's family owned a stake in the newspaper since his great-grandfather Harrison Gray Otis joined the company in 1882, the year after the Los Angeles Daily Times began publication. He was the son of Norman Chandler , his predecessor as publisher, and Dorothy Buffum Chandler , a patron of the arts and a Regent of the University of California . His grandfather, Charles Abel Buffum ,

4590-460: The cover of the literary magazine Atlantic Monthly he was depicted on a surfboard crafted from newspapers across a wave of dollar bills. On a 1964 safari in Mozambique , an elephant charged his party. After the guide missed his shot and fled, Chandler shot the elephant when it was only 10 yards away, preventing himself and his wife from being trampled. In 1990, Chandler was trampled by

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4680-629: The death of Joe Patterson's sister and owner of the Washington Times-Herald , Eleanor (Cissy) Patterson, in 1948, the Tribune Company purchased the paper and operated it until 1954, when the Times-Herald was absorbed by The Washington Post . Expecting a printer's strike in November 1948, the Tribune printed their paper early, mistakenly proclaiming " Dewey Defeats Truman " in the 1948 presidential election . Tribune entered

4770-419: The entity. Its stated emphasis was to provide coverage of international news with dispatches from the two papers, and the same for national news from Washington, D.C., in order to augment the coverage of more regionally-focused clients such as The Arizona Republic . The sales forces of the two papers were sent to sign up clients; at first there were about 25 newspapers using the service. Rex Barley, manager of

4860-428: The first quarter of 2017. In January 2017, Tribune Media announced that Peter Liguori would step down as President and CEO in March. On April 20, 2017, Bloomberg reported that Sinclair Broadcast Group was considering acquiring Tribune Media, contingent on plans by the FCC's new chairman, Ajit Pai , to reinstate the " UHF discount " (a policy which makes UHF stations only count half of their total audience towards

4950-555: The future" of the paper his family had bought in 1882 for this dangerous compromise of the paper's objectivity. He was not involved in negotiations by other members of the Chandler family to sell The Times to Tribune Company , a clear sign of how his influence had eroded. Regardless, Chandler welcomed the outcome, largely because of his dissatisfaction with the existing management of Times-Mirror. Chandler died at his home in Ojai at

5040-407: The intent to take the company private. The deal was approved by 97% of the company's shareholders on August 21, 2007. Privatization of the Tribune Company occurred on December 20, 2007 with termination of trading in Tribune stock at the close of the trading day. On December 21, 2007, Tribune and Oak Hill Capital Partners -controlled Local TV, LLC announced plans to collaborate in the formation of

5130-547: The largest bankruptcy in the history of the American media industry. On October 27, 2009, Thomas S. Ricketts purchased a majority ownership (95%) of the Chicago Cubs. The sale also included Wrigley Field and a 25% ownership stake in Comcast SportsNet Chicago , as part of a deal designed to help Tribune restructure. In October 2010, Randy Michaels , who was appointed CEO after Zell's purchase of

5220-451: The license holder for all of the former Tribune stations retained directly by Nexstar after the Nexstar acquisition. The largest broadcast merger in U.S. history was approved in 2019. The Tribune Company was founded on June 10, 1847 when the eponymous Chicago Daily Tribune published its first edition in a one-room plant located at LaSalle and Lake Streets in downtown Chicago. The original press run consisted of 400 copies printed on

5310-505: The national advertising sales organization of Tribune Publishing , was established in 2000 to take advantage of the company's expanded scale and scope. By 2001, revenues had grown to $ 5.25 billion. However, Tribune needed to pay down some of the debt that it accrued through the Times Mirror purchase; as a result, Tribune moved to sell various non-newspaper holdings operated by Times Mirror. Flight information provider Jeppesen Sanderson

5400-433: The network was shut down – along with CBS Corporation -owned UPN – to create The CW Television Network , which was a joint venture between CBS and Warner Bros . and affiliated with several Tribune-owned stations; Tribune did not maintain an ownership interest in the network. On April 2, 2007, Chicago-based investor Sam Zell announced plans to buy out the Tribune Company for $ 34.00 a share, totalling $ 8.2 billion, with

5490-550: The newspaper and its ambitions. He was the fourth and final member of the Chandler family to hold the paper's top position. Chandler made improvement of the paper's quality a top priority, succeeding in raising the product's reputation, as well as its profit margins. "No publisher in America improved a paper so quickly on so grand a scale, took a paper that was marginal in qualities and brought it to excellence as Otis Chandler did," journalist David Halberstam wrote in his history of

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5580-567: The newspaper business ended in divorce [yesterday]." The Los Angeles Times joined McClatchy-Tribune , co-owned by parent company Tribune Company, while the Washington Post News Service began a partnership with Bloomberg News . Otis Chandler Otis Chandler (November 23, 1927 – February 27, 2006) was the publisher of the Los Angeles Times between 1960 and 1980, leading a large expansion of

5670-562: The newspaper in 1874 and ran it until his death in 1899. Medill's two grandsons, cousins Robert R. McCormick and Joseph Medill Patterson , assumed leadership in 1911. That same year, the Chicago Tribune ' s first newsprint mill opened in Thorold , Ontario , Canada . The mill marked the beginnings of the Canadian newsprint producer later known as QUNO, in which Tribune held an investment interest until 1995. Patterson established

5760-546: The newspaper industry, effectively doubling the size of Tribune's newspaper holdings. The Times Mirror merger added seven daily newspapers to Tribune's existing publishing properties, including the Los Angeles Times , the Long Island -based Newsday , The Baltimore Sun and the Hartford Courant . Through the deal, Tribune became the only media company that owned both newspapers and television stations in

5850-615: The newspaper. He handed control of the paper to people outside the family in the mid-1980s and threw himself into other interests such as the Chandler Vintage Museum of Transportation and Wildlife in Oxnard, California , which he founded in 1987 (It was regularly open to the public, primarily as a fundraiser for charities, including the Oxnard Police Activities League). Chandler re-entered

5940-408: The newspapers that were part of its publishing division into a separate company. Its broadcasting, digital media and other assets (including Tribune Media Services , which among others, provides news and features content for Tribune's newspapers) would remain with the Tribune Company. The split came in the footsteps of similar spin-outs by News Corporation and Time Warner , which sought to improve

6030-505: The profitability of their properties by separating them from the struggling print industry. On November 20, 2013, Tribune announced it would cut 700 jobs in its newspaper operations, citing falling advertising revenue. The split was finalized on August 4, 2014, with the publishing arm being spun out as Tribune Publishing , and the remainder of the company renamed Tribune Media . On February 29, 2016, Tribune Media announced that it would review various "strategic alternatives" to increase

6120-461: The public eye in 1999 when he publicly criticized the LA Times for creating a special issue of its Sunday magazine dedicated to the new Staples Center in downtown LA when the paper shared a financial interest in the property. The paper's Sunday magazine on October 10, 1999, was a special issue dedicated to the new Staples Center sports arena in downtown L.A., home to the Lakers , Clippers and Kings . Such special issues were financial windfalls for

6210-426: The purchase of KTLA, Tribune became the fourth largest television station owner in the United States, behind the three major broadcast networks . The company acquired Newport News, Virginia newspaper, the Daily Press in 1986, but sold off the newspaper's co-owned cable television operations. To counteract a possible hostile corporate takeover in 1987, the Tribune Company developed a plan that allowed shareholders

6300-470: The rest of the foot became largely numb. In 1998, at age 71, Chandler suffered minor head injuries when he spun out a Ferrari automobile on the road in Oxnard . His son, Mike Chandler , was a race-car driver in the CART Championship Car series. Otis enthusiastically supported Michael's racing career until a near-fatal crash while qualifying at Indianapolis in 1984. Tribune Media Tribune Media Company , also known as Tribune Company ,

6390-444: The right to purchase additional preferred shares from a new series of stock in the event that a buyer acquired 10% of the company's common stock or a tender offer for the company. Shareholders also ratified a two-for-one stock split. Tribune Entertainment experienced success in 1987 with the launch of the syndicated daytime talk show Geraldo . In 1988, Tribune purchased five weekly papers based in Santa Clara County, California . In

6480-673: The sale of Tribune Studios and related real estate in Los Angeles to private equity firm Hudson Capital, LLC, for $ 125 million. The parties also agreed to a five-year lease allowing its television station in the city, KTLA, to continue operating at the location through 2012. On April 28, 2008, Tribune completed an acquisition of real estate from TMCT Partnership. On July 29, 2008, Cablevision Systems Corporation completed its purchase of Newsday from Tribune. On September 8, 2008, United Airlines lost (and almost regained) $ 1 billion in market value when an archived Chicago Tribune article from 2002 about United filing for bankruptcy appeared in

6570-584: The sale of 7.7 million shares at $ 26.75 a share. In 1985, Tribune Broadcasting acquired Los Angeles independent station KTLA from Kohlberg Kravis Roberts for a record $ 510 million. Because of the Federal Communications Commission 's media cross-ownership regulations, which prohibit the ownership of a television station and newspaper in the same market, Tribune was forced to sell the Los Angeles Daily News . With

6660-551: The sale of some of its internet investments. In February 2000, Tribune acquired the remaining 67% interest in Qwest Broadcasting for $ 107 million, effectively adding two more stations to its roster, increasing its reach 27% of the country. In June 2000, Tribune acquired the Los Angeles–based Times Mirror Company in a US$ 8.3 billion merger transaction, the largest acquisition in the history of

6750-410: The sale was completed one week later on December 27. Tribune later announced its return to television production on March 19, 2013, with the relaunch of the production and distribution division as Tribune Studios (not to be confused with the former name of Los Angeles studio facility Sunset Bronson Studios ). On July 10, 2013, Tribune announced that it would split into two companies, spinning off

6840-476: The service while based at Newsday and the Robinson Prize for copy editors is named for her. By 1989 the service had 650 clients in the United States and around the world, with a total circulation of some 110 million. The number of clients was the most of any of the newspaper-based news services in the United States and ahead of rival supplemental news services New York Times News Service with 500 and

6930-545: The surge in interest in foreign developments. By the late 2000s the service still had more than 600 clients. The service ended in 2009 when both partners decided to move in a different direction. Board vice chair Boisfeuillet Jones Jr. of the Post said, "As the news business and our newsrooms have evolved, the ways in which the organizations cover and distribute the news have changed. We felt at this time it made sense for us to proceed separately." Publisher Eddy Hartenstein of

7020-704: The television industry then in its infancy, in 1948, with the establishment of WGN-TV in Chicago in April and WPIX in New York City in June of that year. In 1956, the Tribune Company purchased the Chicago American from William Randolph Hearst . In the 1960s, the company entered the booming Florida market, acquiring the Fort Lauderdale -based Gore Newspapers Company, owner of the Pompano -based Sun-Sentinel and Fort Lauderdale News in 1963 and

7110-401: The three largest media markets of New York City, Los Angeles and Chicago , as a result of cross-ownership waivers that were approved by the FCC. Among other advantages from the merger, including various economies of scale, Tribune's newspapers could now effectively compete for national advertising, as it has grown to become the third largest newspaper group in the country. Tribune Media Net,

7200-457: The two papers were doing, such as the Post' s coverage of the Watergate scandal . Among the columns syndicated by the service were ones by Jack Smith of the Times . At one point Leonard Downie Jr. was director of the service. Over time, the service also incorporated coverage by Newsday , The Baltimore Sun , and the Hartford Courant into what it put out. Pam Robinson worked for

7290-542: The wake of a dispute with some of its labor unions, Tribune sold the Daily News to British businessman Robert Maxwell in 1991. With changes in the media industry due to greater public access to the internet in the 1990s, Tribune Publishing began to sell off some of its newspaper properties. Tribune Broadcasting steadily acquired additional stations during the decade, while Tribune itself launched two new divisions, Tribune Ventures and Tribune Education. In 1993, Tribune Broadcasting launched Chicagoland Television (CLTV),

7380-461: Was a businessman who founded Buffum's , a department store chain, with his brother, Edwin E. Buffum, and a politician, who served as Mayor of Long Beach, California . Chandler was raised to share his family's distaste for labor unions , a tradition that favored the family's financial interests. As a child, each year his parents held a memorial for the 1910 Los Angeles Times bombing , linked to political agitators, that killed 20 Times workers. "I

7470-553: Was a member of Delta Kappa Epsilon fraternity (Sigma Rho chapter). At Stanford he was a successful shot putter . He broke the freshman school record with a toss of 48 feet (15 m), 761/47 inches. At 6-foot 3-inches (190 cm) tall, after bulking-up to and 220 pounds he won the Pacific Coast Conference title and finished second in the nation during his senior year with a toss of 57 feet (17 m), 63/47 of an inch while serving as his team's captain. As

7560-566: Was an American multimedia conglomerate headquartered in Chicago , Illinois . Through Tribune Broadcasting , Tribune Media was one of the largest television broadcasting companies, owning 39 television stations across the United States and operating three additional stations through local marketing agreements . It owned national basic cable channel/ superstation WGN America , regional cable news channel Chicagoland Television (CLTV) and Chicago radio station WGN . Investment interests include

7650-579: Was dismissed in 1979. The Tribune Company entered first-run television syndication in 1975 with the debut of the U.S. Farm Report . The Times-Advocate in Escondido, California was purchased by the company in 1977. In October 1978, United Video Satellite Group uplinked WGN-TV's signal to satellite , becoming a national " superstation ", joining the ranks of WTCG (later WTBS, now WPCH-TV ) in Atlanta and WWOR-TV in New York City. During 1978,

7740-530: Was raised to hate the unions", Chandler said. "Oats" was Chandler's nickname within the family. Times editorial page editor Anthony Day observed that Chandler "had been raised to be a prince". Later, Chandler said his motivation to invest in The Times' quality could be attributed, at least in part, to his desire to combat the East Coast opinion that, " The Times was regarded as a bad newspaper from

7830-474: Was reorganized in 1968 by reincorporating under Delaware 's General Corporation Law , ending its Illinois incorporation, splitting its stock by four for one and forming a separate subsidiary of the Chicago Tribune . The 1970s brought another decade of acquisitions for the company including the purchase of a Los Angeles shopper in 1973, which became the Los Angeles Daily News . In 1973,

7920-592: Was sold to Boeing for $ 1.5 billion in October 2000. Also in October, the Institute for International Research purchased AchieveGlobal, a consulting and training firm for $ 100 million. Times Mirror Magazines was sold to Time, Inc. in November of that year for $ 475 million. Tribune divested its Tribune Education division to The McGraw-Hill Companies for $ 686 million in September 2000. After all these sales, Tribune still had $ 4 billion in long-term debt. Tribune started

8010-469: Was that it enhanced the reputation and lustre of the Times and the Post . A side effect of the service's success was that it harmed the fortunes of United Press International , since this was a less costly alternative for newspapers for improving coverage compared to subscribing to two full-fledged wire services. The service picked up additional clients after the September 11 terrorist attacks , due to

8100-565: Was the number one publisher of supplemental education materials. Tribune Education acquired an 80.5% stake in mass market children's book publisher Landoll in 1997. In June 1998, Tribune entered into a trade with Emmis Communications to swap WQCD-FM to the latter company, in exchange for acquiring two Emmis-owned television stations ( WXMI in Grand Rapids, Michigan and KTZZ in Seattle , Washington ). It later traded WGNX in Atlanta to

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