From Canada’s National Post | Attorney’s for former Sun-Times publisher and media mogul Conrad Black will appear in Chicago’s 7th Circuit Court of Appeals to argue that Black’s fraud convictions should be tossed. Black was released from prison after serving two years of a 6.5-year sentence for breaking the so-called “honest services” law.
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Filed under: Newspapers
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Conrad Black’s attorneys in appeals court today
Tribune Co. reaches deal with 2 largest creditors
Tribune Co. has reached a settlement with Angelo, Gordon & Co. and Oaktree Capital Management, two of the largest senior creditors in its bankruptcy case, that will form the basis of a new plan of reorganization for the company. Get the full story »
Tribune hires law firm to study Morgan Stanley suit
Tribune Co. has hired Chicago law firm Novack and Macey to explore the possibility of bringing legal action against Morgan Stanley, the New York investment bank.
The disclosure came in a bankruptcy court filing Friday asking for retroactive permission to hire the firm, which began looking into the matter in late August. Get the full story »
Sep. 17, 2010 at 5:38 p.m.
Filed under: Bankruptcy, Litigation, Media, Newspapers, Radio, TV, Updated Two Tribune creditors file own reorganization plan
Two of the largest senior creditors in Tribune Co.’s bankruptcy case filed a plan of reorganization in Delaware bankruptcy court Friday, providing an alternative solution to the management plan that has been in place since earlier this year.
The move makes allies out of two distressed debt hedge funds, Angelo, Gordon & Co. and Oaktree Capital Management, that had until recently been at odds with each other. And it comes in advance of a court-ordered mediation that is scheduled to begin Sept. 26. Get the full story »
Eisner downplays rumors of Tribune Co. role
Former Disney Chief Executive Michael Eisner is downplaying reports he is being considered to head Tribune Co. after it exits bankruptcy protection.
The 68-year-old told a St. Louis radio station Tuesday that “somebody in the media” read more into his association with Tribune than was real. Get the full story »
Creditor seeks Ch. 11 trustee in Tribune Co. case
A large junior creditor in Tribune Co.’s bankruptcy case asked the judge to appoint a Chapter 11 trustee to administer potential legal claims surrounding the company’s ill-fated 2007 leveraged buyout.
Contending that the debtor, its management and lawyers for the committee of unsecured creditors face too many conflicts of interest, Aurelius Capital Management said appointing an independent third party would be the only way to make sure potential claims get a fair hearing. Get the full story »
Tribune Co. creditors seek to sue Zell over LBO
The unsecured creditor’s committee in Tribune Co.’s bankruptcy case asked a Delaware judge Monday for the right to sue Chicago real estate magnate Sam Zell, company officials and others who participated in the company’s ill-fated 2007 leveraged buyout. Get the full story »
Sep. 8, 2010 at 10:06 a.m.
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Filed under: Chicago executives, Media, Newspapers, Personnel moves, Radio, TV Tribune Co. names Liebentritt chief restructuring officer
Chicago Tribune parent Tribune Co. today named Donald Liebentritt chief restructuring officer, effective immediately. The company promoted David Eldersveld to be his successor as general counsel.
Sep. 7, 2010 at 12:33 p.m.
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Filed under: Chicago executives, Internet, Media, Newspapers, Personnel moves Crain’s publisher steps down, No. 2 steps up
David Blake is stepping down after 10 years as publisher of Crain’s Chicago Business, which on Tuesday named Associate Publisher David Snyder his successor, effective Oct. 15.
Through the end of the year, Blake, 56, will mentor Snyder, 48, and shepherd the launch of a new online and event business that will focus on the region’s health care economy, among other projects for the weekly publication and its Internet platforms.
David Blake is stepping down after 10 years as publisher of tCrain’s Chicago Business, which on Tuesday named Associate Publisher David Snyder his successor, effective Oct. 15.
Through the end of the year, Blake, 56, will mentor Snyder, 48, and shepherd the launch of a new online and event business that will focus on the region’s healthcare economy, among other projects for the weekly publication and its Internet platforms.
Sep. 2, 2010 at 4:15 p.m.
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Filed under: Advertising/Marketing, Design, Media, Newspapers Michael Arndt named managing editor of Crain’s
Crain’s Chicago Business has named Michael Arndt its new managing editor, replacing Brandon Copple, who left in June for a similar role at Groupon.com. Arndt most recently was Chicago-based editor for innovation and design coverage at Bloomberg Businessweek, a role he assumed with BusinessWeek before that magazine’s acquisition by Bloomberg last year. A senior correspondent in the Chicago bureau, he also served as editor-in-chief of BW Chicago, BusinessWeek’s experiment with a local monthly supplement, which ended after seven months in June 2008.
Judge names mediator in Tribune Co. bankruptcy
The judge in Tribune Co.’s stalemated bankruptcy case appointed a mediator Wednesday to try to forge a settlement of legal claims stemming from media company’s disastrous 2007 leveraged buyout.
The move comes after a reorganization plan previously filed by Tribune Co. management unraveled in the wake of an independent examiner’s report that supported many of the claims. Get the full story »
Aug. 25, 2010 at 5:45 p.m.
Filed under: Bankruptcy, Entertainment, Investing, Management, Media, Newspapers, Radio, TV, Updated Will Eisner be Tribune Co.’s next chairman?
Former Disney CEO Michael Eisner on July 7, 2010. (AP Photo/Nati Harnik)
By Dawn C. Chmielewski, Michael Oneal and Sallie Hofmeister
Former Walt Disney Co. Chief Executive Michael Eisner is in discussions that could lead to his return to the media spotlight — as chairman of the now-bankrupt Tribune Co.
The Chicago-based media company’s largest creditors are having preliminary conversations with prospective candidates who could operate Tribune Co. once it emerges from bankruptcy, according to several people with knowledge of the situation.
Eisner, who has been dabbling in the digital world as an investor since stepping down from Disney in 2005, is among the candidates under consideration to replace Chicago real estate magnate Sam Zell as chairman of the reorganized company. Get the full story »
Sun-Times Media expands Blockshopper deal
Sun-Times Media, the owner of the Chicago Sun-Times and other newspapers, said Monday it has expanded its partnership Blockshopper.com to offer real estate news and information to online readers and advertisers. Get the full story »
Aug. 19, 2010 at 1:07 p.m.
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Filed under: Bankruptcy, Health care, Jobs/employment, Media, Newspapers, Unions Sun-Times unions go to court over health benefits
Unions representing former employees of the Sun-Times Media Group Inc. are seeking information from the company in a dispute over termination of health-insurance benefits.
The unions have filed a motion in Delaware bankruptcy court seeking access to documents and other information from the company, which they claim has stopped paying for insurance coverage without court approval. Get the full story »
