Tribune Company
| Tribune Media Company
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | US8960475031 |
| Seat |
Chicago , United States
|
| Number of employees | 5800 |
| sales | 2.01 billion US dollars |
| Branch | media |
| Website | www.tribunemedia.com |
| As of December 31, 2018 | |
Tribune Media (formerly Tribune Company ) is a US-based media company based in the Tribune Tower in Chicago in the US state of Illinois . The company was listed in the S&P 500 share index. In 2007 the company employed 20,000 people.
The Tribune Company began with the creation of the Chicago Daily Tribune newspaper .
Among the major subsidiaries of the Tribune Company owns several newspapers, including the Chicago Tribune , Hartford Courant , The Baltimore Sun and the Major League - Baseball team the Chicago Cubs . The Tribune Company is involved with Time Warner in the US television network The WB . Many of the 23 television stations (as of 2007) of the Tribune Company are connected to the WB network.
On August 21, 2007, the shareholders of the “Tribune Company” voted to sell to the multibillionaire and real estate entrepreneur Sam Zell . The sales amount was set at $ 13 billion. On December 8, 2008, the Tribune Company filed for Chapter 11 bankruptcy protection. and left bankruptcy four years later.
In 2017, Sinclair Broadcast Group took over the Tribune's billion dollar debts and paid US $ 43.50 per share after a bidding war against Twenty-First Century Fox and Nexstar. For the deal to be approved by the FCC supervisory authority, Sinclair has to sell various TV stations to prevent the company from gaining supremacy in the TV market.
reception
The specialist service IfM wrote about the importance and development of the Tribune: "The Tribune Company is one of the most traditional media companies in the USA. Acquired by real estate mogul Sam Zell at the beginning of 2008, the group collapsed after a year under its enormous debt burden and went to the state-monitored Way out of bankruptcy. After numerous scandals and cases of mismanagement as well as the spin-off of the newspaper division, Tribune has stabilized again. "
Individual evidence
- ↑ Tribune Media: SEC-Filing Form 10-K , accessed May 27, 2019
- ↑ Group portrait on mediadb.eu ( Memento from March 3, 2009 in the Internet Archive )
- ↑ Desiree J. Hanford: Tribune Shareholders Back Zell's Takeover . In: The New York Times . August 22, 2007 ( nytimes.com ).
- ↑ Photo by Sam Zell ( Memento from December 15, 2007 in the Internet Archive )
- ↑ Tribune Company to Voluntarily Restructure Debt Under Chapter 11 ( Memento of March 5, 2009 in the Internet Archive )
- ↑ Tribune - The death bell is already ringing , sueddeutsche.de
- ↑ The US television company Sinclair Broadcast is buying its rival Tribune Media for $ 3.9 billion. In addition, the group is paying off billions in debt. May 8, 2017. Retrieved July 4, 2017 .
- ^ IfM - Tribune Co./Tribune Publishing. (No longer available online.) In: www.mediadb.eu. Archived from the original on August 8, 2016 ; accessed on August 8, 2016 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
