The Chicago Cubs aren't going to win anything this year despite having one of baseball's largest payrolls. But their bankrupt owner, Sam Zell's Tribune Co., may be about to hit a home run -- at your expense.
Officials in the tiny east Texas town of Tenaha are accused in a federal lawsuit of stopping African-Americans driving through town and seizing their money and property by threatening them with criminal prosecution -- or worse.
How did you go bankrupt?" Bill asked.
Federal prosecutors say they've uncovered a "political corruption crime spree" involving Illinois Gov. Rod Blagojevich, who allegedly hatched a variety of bribery schemes to enrich himself and his family while silencing critics.
Despite Patricia Blagojevich's myriad charitable endeavors, she is now thought of as the goading voice in the background of a November phone call taped by the FBI.
Illinois Gov. Rod Blagojevich appeared in court Tuesday afternoon to hear federal corruption charges against him. He was released on $4,500 bail.
Media conglomerate Tribune Co., publisher of the Chicago Tribune, announced Monday it is filing for Chapter 11 bankruptcy protection.
Real estate tycoon Sam Zell is renowned for putting together deals with head-scratching financial structures that result in him getting his way, getting his pay and giving as little as possible to the government.
The Chicago Cubs may not make it to the World Series this season, yet may still end up as players in a classic event: the World Series of tax dodging. That's because I think the team owner, Sam Zell's Tribune Co., is trying to unload the Cubs in a way likely to draw heat from tax authorities.
The debate over the future of print media has generated some interesting sound bites of late: Microsoft CEO Steve Ballmer told The Washington Post that ink-on-paper is dead in 10 years. Rupert Murdoch, meanwhile, expressed cautious optimism at a conference sponsored by his Wall Street Journal that print will be round for "at least 20 years, and outlive me."
The Chicago Cubs aren't going to win anything this year despite having one of baseball's largest payrolls. But their bankrupt owner, Sam Zell's Tribune Co., may be about to hit a home run -- at your expense.
Officials in the tiny east Texas town of Tenaha are accused in a federal lawsuit of stopping African-Americans driving through town and seizing their money and property by threatening them with criminal prosecution -- or worse.
How did you go bankrupt?" Bill asked.
Federal prosecutors say they've uncovered a "political corruption crime spree" involving Illinois Gov. Rod Blagojevich, who allegedly hatched a variety of bribery schemes to enrich himself and his family while silencing critics.
Despite Patricia Blagojevich's myriad charitable endeavors, she is now thought of as the goading voice in the background of a November phone call taped by the FBI.
Illinois Gov. Rod Blagojevich appeared in court Tuesday afternoon to hear federal corruption charges against him. He was released on $4,500 bail.
Media conglomerate Tribune Co., publisher of the Chicago Tribune, announced Monday it is filing for Chapter 11 bankruptcy protection.
Real estate tycoon Sam Zell is renowned for putting together deals with head-scratching financial structures that result in him getting his way, getting his pay and giving as little as possible to the government.
The Chicago Cubs may not make it to the World Series this season, yet may still end up as players in a classic event: the World Series of tax dodging. That's because I think the team owner, Sam Zell's Tribune Co., is trying to unload the Cubs in a way likely to draw heat from tax authorities.
The debate over the future of print media has generated some interesting sound bites of late: Microsoft CEO Steve Ballmer told The Washington Post that ink-on-paper is dead in 10 years. Rupert Murdoch, meanwhile, expressed cautious optimism at a conference sponsored by his Wall Street Journal that print will be round for "at least 20 years, and outlive me."
Cablevision Systems Corp. is close to buying the Long Island newspaper Newsday from Tribune Co. for $650 million, a person with knowledge of the situation said Sunday.
Mort Zuckerman, owner of the New York Daily News, isn't going to let his archrival, News Corp.'s Rupert Murdoch snatch away Newsday without a fight. He's matched News Corp.'s offer to pay $580 million for Tribune Co.'s Long Island paper. The Zuckerman camp is also warning that Murdoch's pending deal with Tribune may not withstand regulatory scrutiny.
Nobody's timing was better at the top of the last boom than Sam Zell. Just before the credit markets collapsed, he sold his real estate empire for $36 billion. Now Zell is trying to sell newspapers, and his timing couldn't be worse.
While speculation continues to swirl about the possible sale of Newsday to the likes of Rupert Murdoch or Mort Zuckerman, the Long Island newspaper's owner, real estate magnate Sam Zell, won't confirm whether the estimated $600 million asset is actually for sale. Some analysts, in fact, believe it doesn't make sense for Zell to sell.
Journalists are supposed to inform readers about the issues, not sway their votes. So why do newspapers still endorse candidates?
Authorities say a man dressed in black opened fire from a stage of a lecture hall at Northern Illinois University, killing four people and himself
The Los Angeles Times fired its top editor after he rejected a management order to cut $4 million from the newsroom budget, 14 months after his predecessor was also ousted
Brace yourself. You may soon get a memo from your employer with a pretty bold threat: Shape up or pay up. As part of an ongoing effort to curb the runaway cost of providing health benefits, a small but growing number of companies are charging workers for habits like smoking, overeating and failing to exercise.
"What this company needs is an owner," declared Sam Zell, after completing the $8.2 billion deal that put him in charge of the Tribune Co., which owns newspapers including the Chicago Tribune, the Los Angeles Times and Newsday. "It needs someone who accepts the responsibility for what this company does."
Real estate magnate Sam Zell took control of newly private Tribune Co. on Thursday and began shaking up the newspaper and TV company the moment the $8.2 billion buyout he led closed
Tribune Co. shareholders have approved an $8.2 billion plan to take the company private with 100 percent ownership by the company's employee stock ownership plan and with real estate mogul Sam Zell as an investor.
Tribune Co. shareholders approved a proposed $8.2 billion buyout by real estate tycoon Sam Zell on Tuesday in a boost to investors who feared a deteriorating credit market would hamper the deal.
Newspaper publisher and broadcaster Tribune Co. said on Wednesday that quarterly profit and revenue fell as newspaper advertising sales suffered.
BACK IN 1981 the Tribune Co. bought the hapless Chicago Cubs for a bargain price of $21 million, prompting the Chicago Tribune's own sports columnist, Bob Verdi, to quip, "I don't know why we bought the Cubs. We already had a perfectly good company softball team."
Back in 1981 the Tribune Co. bought the hapless Chicago Cubs for a bargain price of $21 million, prompting the Chicago Tribune's own sports columnist, Bob Verdi, to quip, "I don't know why we bought the Cubs. We already had a perfectly good company softball team."
Chicago real estate mogul Sam Zell, tapped Monday as the buyer of media conglomerate Tribune Co., has already talked to entertainment mogul David Geffen about a possible deal for the Los Angeles Times, according to a published report.
Real estate mogul Sam Zell has succeeded in his bid to take control of newspaper publisher Tribune Co.
The following shares were among the most actively traded Friday:
Chicago real estate mogul Sam Zell has reportedly become a front runner to buy the Tribune Co. media conglomerate, which has struggled to find a buyer whose offer was acceptable to the company.
Sam Zell, whose Equity Office Properties is about to be sold for $23 billion after a hot bidding war for the firm, is reported to be the latest billionaire interested buying control of Tribune Co., which has not attracted the offers that company had hoped for when it was put up for sale.
Rupert Murdoch's News Corp. has joined the Chandler family in its bid for Tribune Company, according to a report Tuesday.
The Chicago Cubs are acting very un-Cub like this winter. That may be good news for the team's long-suffering fans but not for shareholders of newspaper publisher Tribune Co.
NEWSPAPERS BY THE NUMBERS
Stocks appear to be looking for direction early Monday ahead of a busy week full of economic and earnings reports.
Tribune Co. is under increasing pressure to sell its largest paper, the Los Angeles Times, according to published reports, just as the company is close to working out a truce with the Chandler family, the former owner of the paper and one of the company's largest shareholder.
Ever watch Sesame Street and see the game they play where they show three things that are similar and one thing that is different from the group?
Did you ever get good advice from a sworn enemy from a sworn enemy? Did you grit your teeth and take it, or could you just not bear to give him the satisfaction?
Did you ever get good advice from a sworn enemy? Did you grit your teeth and take it, or could you just not bear to give him the satisfaction?
'Would you like a ring tone with that?'
Taser is planning to market its stun gun for home use -- an idea garnering criticism from human rights groups and others concerned about the product's safety, according to a report Monday in the Chicago Tribune.
Stocks are sexy again. Investors may still be worried about scandals, lingering unemployment and the possibility that stock prices have sprinted ahead a little too fast. But the trend is clear. Gro...
Newspapers seem forever on the ropes. First attacked by radio, then TV, the stodgy old industry has been fighting off death for decades. Now, thanks to the Internet, newspaper publishers are back o...
When it comes to power lunch, you are not what you eat. You are where you eat. Local restaurant critics give us the lowdown:
Some time ago, Mark Willes, the 58-year-old CEO of Times Mirror Corp., was ushered into the tenth-floor conference room at the New York Times, where the newspaper's editorial board welcomes heads o...
Traditional news and entertainment companies like Time Warner (parent of FORTUNE's publisher), News Corp., and Disney have spent millions of dollars and made lots of noise about their involvement i...
Where is he now? I don't mean Robert R. McCormick, publisher of the Chicago Tribune. He's dead--and likely worse. If Franklin Roosevelt (his nemesis) had any pull with God, McCormick is currently r...
-- It's new student week at Northwestern University. For the members of the class of 1998 . . . orientation means much more than learning where the library is or how to drop an unwanted course. The...
A cheap ticket? A superstar? A good seat? To measure what fans want when they go to a game, MONEY commissioned a nationwide poll by ICR Survey Research Group of Media, Pa. Based on how teams met th...
The Michigan Department of Civil Rights says a theater chain is guilty of illegal age discrimination . . . The department announced . . . it was filing charges against Norwest Theater Co. of Southf...
Memorializing the dog days, we hereby inaugurate Keeping Up's first annual list of the ten least surprising recent headlines -- every one a guaranteed nonastonisher.
The scene depicted in the drawing on this page refers to a wisecrack believed to have originated in embittered publishing circles. The scene is not reality- based. It is not really true that certai...
Republicans may have the economy humming, but much of the electorate seems not to be listening. Despite low inflation and low unemployment, national polls reveal that voters are worried. In July th...
IRAS Q. My husband and I want to use our total IRA funds, $7,000, to make a down payment on a house. Is there a way to avoid a withdrawal penalty? LINDA NG Denver A. Not unless you are 59 1/2 or ol...
The investment advisers at Harris Associates in Chicago are staunch believers that some of the best things in life can be found in one's own backyard. Among the firm's 50 largest holdings, eight ar...
ONE OF THE WORST things that could have happened to the television industry finally has: the financial markets have fallen in love with it. Like an Edenic resort that loses its charm as it gains po...
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