The chairman of the U.S. Federal Communications Commission said Wednesday he wants to grant media group Tribune a temporary exemption from U.S. media ownership rules, removing an obstacle to an $8.2 billion leveraged buyout of the company.
Tribune shareholders on Tuesday approved a proposed $8.2 billion buyout of the newspaper publisher and broadcaster by real estate tycoon Sam Zell.
The Chicago Cubs and Carlos Zambrano finally have a deal. The ace right-hander agreed Friday to a five-year, $91.5 million contract extension to stay with the only team he's been with his entire career.
The New York Times may be the paper of record, it might have earned the title 'Gray Lady,' but it cannot escape the changing times. I'm not talking about the fact that that print publications across the board are suffering ad revenue declines and subscription dips.
The Chicago Cubs franchise, being sold by media group Tribune, has attracted credible interest from about 15 parties, and a deal for the baseball team and other assets is expected to top $1 billion, according to a source familiar with the situation.
A who's who of deep-pocketed buyers is expected to vie for the Cubs and possibly for Wrigley Field, the beloved home of the perennial losers.
Two Los Angeles billionaires could launch a counterbid for Tribune after the publisher and broadcaster spurned their earlier offer in favor of a rival bid from Chicago real estate entrepreneur Sam Zell, a source familiar with the matter said on Tuesday.
As one who monitors breaking news for a living, I naturally look for “the good stuff” -- i.e., the heart of the story -- in the first sentence or paragraph of each story that comes to us via the wire services, or from a company press release. Yet you’d be surprised how often that’s not the case...
Tribune Co. has accepted a buyout offer from real estate investor Sam Zell in a deal valued at about $8.2 billion, the media company said.
Chicago real estate magnate Sam Zell has won the bidding for Tribune Co. , the Wall Street Journal reported on Monday, citing a person familiar with the matter.
Billionaire investor Sam Zell said Tuesday he remains in talks with Tribune, and his proposal to acquire the media conglomerate is still on the table.