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Crain's Chicago Business
Trib's $122M loss deepens financial woes
Submitted by Benton Foundation on November 10, 2008 - 9:11pmLast updated: November 10, 2008 - 9:12pm
Tribune Co lost $122 million last quarter as ad revenue sank and the company took one-time charges for severance payments and software writeoffs. Sales at Tribune's publishing unit fell 13% to $654 million, and operating cash flow plummeted 91% to $13 million.
Comcast in cable cross hairs
Submitted by Benton Foundation on November 3, 2008 - 9:21pmLast updated: November 3, 2008 - 9:22pm
The battle for Chicago's cable television turf is heating up. AT&T is making a major push with its U-verse bundle of phone, TV and high-speed Internet services at monthly rates below those of the area's largest cable provider, Comcast.
Obama to media: pony up for election night access
Submitted by Benton Foundation on October 21, 2008 - 7:37pmLast updated: October 21, 2008 - 7:38pm
On Tuesday, Sen Barack Obama's campaign said news organizations will have to pay if they want to cover Barack Obama's election-night celebration in Chicago. Credentials will cost $715 to $1,815, depending on whether electrical and phone lines are needed and whether an indoor or outdoor seat is requested for the event, which is expected to be held outside the evening of Nov 4.
Obama bytes into new-media effort
Submitted by Benton Foundation on September 8, 2008 - 7:28amLast updated: September 8, 2008 - 7:28am
Sen Barack Obama's new-media platform to reach potential voters is lining the pockets of wireless companies. According to campaign finance reports filed with the Federal Election Commission, the Democratic presidential candidate has easily outspent his Republican opponent, Sen John McCain (R-AZ), on wireless services.
Tribune trimming beyond newsroom
Submitted by Benton Foundation on July 28, 2008 - 6:54pmLast updated: July 28, 2008 - 6:55pm
The Chicago Tribune will trim non-newsroom staff next month as it struggles to cope with unprecedented declines in revenue.
Trib buries news in redesign test
Submitted by Benton Foundation on July 22, 2008 - 8:36pmLast updated: July 22, 2008 - 8:37pm
The new face of the Chicago Tribune is taking shape, as staffers at the newspaper put the finishing touches on a prototype set for a test run in the next few weeks.
Tribune slashes Allentown Morning Call news staff
Submitted by Benton Foundation on July 22, 2008 - 8:35pmLast updated: July 22, 2008 - 8:39pm
The Allentown Morning Call became the latest Tribune Co. paper to fire a large swath of journalists as profits plummet amid the current economic malaise. About 24% of the Pennsylvania newsroom, or 35 to 40 positions, will be eliminated.
AT&T on verge of offering TV service in Chicago
Submitted by Benton Foundation on July 22, 2008 - 8:24pmLast updated: July 22, 2008 - 8:26pm
AT&T has taken its first formal step to begin TV service in the city of Chicago. Utilizing provisions of a new state law, the telecom giant's Illinois unit last week quietly filed notice with the city that it may begin offering Internet-based high-definition television service in portions of Chicago in as soon as 10 days.
Tribune may be moving closer to default
Submitted by Benton Foundation on June 17, 2008 - 9:44pmContinued advertising losses may be pushing Tribune Co. closer to default on the billions in debt it assumed when the Chicago-based media giant went private, Bloomberg News reported. Debt and asset sales might not be enough to stave off Tribune defaulting on its loans by yearend.
