Broadcasters including Scripps, Tegna, CBS, Sinclair, Ion and Gray have been laying bigger bets in the multicasting business, acquiring some of the more popular diginets and partnering to develop new ones in a market showing signs of further expansion. CBS’s new diginet DABL, for instance, is bringing back the classic lifestyle programming of Martha Stewart and others in the fall.
Real estate billionaire Sam Zell and other former officers and directors of Tribune Co. have reached a $200 million settlement resolving allegations of fraudulent transactions related to the media company’s disastrous 2007 leveraged buyout.
The two largest newspaper chains in the country, USA Today publisher Gannett and Chicago Tribune owner Tribune, may reignite merger talks, now that both have dispatched with hostile takeovers by smaller suitors. Sources say that there have already been back-door reach-outs in recent months.
A judicial panel has consolidated at least 18 antitrust suits against five TV station groups for allegedly colluding on spot pricing in the federal district court in Chicago. The defendants, which include Tribune, Sinclair and in some cases Gray, Hearst, Nexstar and Tegna, had pushed for the consolidation. The proliferatng suits are an outgrowth of a Justice Department review of the merger of Sinclair and Tribune, which was scuttled after the FCC found evidence of misrepresentation by Sinclair. (Free registration required.)
New carriage contracts with FiOS, Atlantic Broadband and Google Fiber cover more than 3.6 million subscribers.
Tribune-owned WGN Chicago (DMA 3) is set to unveil a state-of-the-art multiple use news set, which will house the main set as well as set locations for sports, traffic, interviews, cooking segments and more. The set will debut on WGN Evening News at 4pm on Wednesday, May 17. The new set incorporates the latest in studio technology, […]
The Tribune Broadcasting executive will succeed Greg Easterly in running the group’s CW affiliate in New York.
Tribune-owned CW affiliate WGN Chicago will move a step closer to around-the-clock news with the launch next month of a one-hour newscast at 6 p.m. Monday through Friday. The addition will bring “Chicago’s Very Own” to a record 70½ hours of news each week, plus news produced throughout the day for its CLTV cable channel.