Tribune Empire Could Crumble
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Imagine buying the most expensive house on a good-looking block that appears to be on the upswing. Within three years, the neighborhood craters, your oldest kid starts backtalking and your spouse pesters you to sell the house and get out. Meanwhile, you're stuck with a fat mortgage.
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Media group Tribune Co.'s   special committee will meet again on Saturday to evaluate  alternatives that could split up the company or take it  private, a source familiar with the situation said on Friday.
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Hit US television series such as Heroes could be threatened by a strike of Hollywood screenwriters.
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Tribune Co. said on Thursday it has no  intention of sell its remaining newspapers, after having  completing a plan to dispose of $500 million worth of noncore  assets.
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2008 is prompting louder talk about a dark turning point for the newspaper industry, which has been besieged by shrinking profits and tumbling stock prices.
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Newspaper publisher Tribune Co. , embroiled in a scandal over inflated circulation figures, on Friday further cut circulation numbers at two New York newspapers and said it will take a charge of as much as &#36;60 million.
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The human beings behind the business headlines can sometimes become lost.
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Business & money: Fears that shares will end up being nearly worthless.
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Publisher and broadcaster Tribune Co.  TRB.N on Wednesday said third-quarter earnings would lag Wall  Street estimates, hurt by lower-than-expected political  advertising at its television stations.
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The cost of a circulation scandal at Tribune Co.&#39;s Newsday and Hoy newspapers could be almost $100 million. The Chicago-based company said Friday it would take a charge of $45 million to $60 million this quarter on top of $35 million set aside in June.
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Media group Tribune Co., which is  reviewing alternatives that could split up the company or take  it private, said on Tuesday it will decide on a course of  action before the end of March.
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Tribune staff reporters Geoff Daugherty, Susan Chandler and Gary Washburn contributed to this story. Its financial situation steadily deteriorating, the parent of ATA
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NEW YORK (CBS.MW) - Goldman Sachs downgraded Tribune Co. Friday, saying the media company&#39;s circulation woes will soon translate into lower advertising revenue.
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Profits at Tribune Co. shrunk by 33 percent last quarter as the company continued to reel from a circulation scandal at two newspapers and suffered sales declines at two others.
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Newspaper publisher Tribune, embroiled in a scandal over inflated circulation figures, today also further cut circulation numbers at two New York newspapers.
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Tribune Co.  shares have been trading significantly below the price offered in an $8.2 billion buyout of the media company led by Chicago real estate magnate Sam Zell, a sign of nervousness over whether the deal will be completed.
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Newspaper and television company  Tribune Co.  is leaning away from accepting any takeover  offers made by outside bidders and instead is opting for a  restructuring it would do on its own, the Wall Street Journal  reported on Monday.