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The chairman of Tribune Co., Dennis J. FitzSimons, sent a four-page letter to 20 prominent Los Angeles business people who had backed the Los Angeles Times’s stance last week against further newsroom cutbacks.
FitzSimons’s own stance was that the Chicago-based media company has made substantial improvements at the paper in the six years since it took ownership and would continue to invest in the paper’s future, writes the Los Angeles Times. He pointed out Tribune’s investment of $250 million in capital projects, and also noted that the 13 Pulitzer Prizes won by The Times since the Tribune takeover were more than the company won in the previous 10 years under Times Mirror Co., the paper’s former parent company.
Some executives at The Times noted that the editor who was responsible for many of the awards left the paper in protest over staff cuts.
On Thursday, Tribune directors will attend a board meeting and may be deciding the fate of the company’s 11 newspapers and 26 television stations. The company is facing pressure from its largest shareholder, California-based Chandler family - which sold The Times and other assets to Tribune in 2000 - to break up the company, according to the article.
A top executive at a large newspaper chain, who wished to remain anonymous, has predicted that Los Angeles Times editor Dean Baquet and publisher Jeffrey Johnson will be fired for refusing to comply with parent Tribune Company’s order to cut staff.
Katz Media Group has added another new client, Lincoln Financial Media, and will sell ad time on the company’s 15 stations beginning immediately.
Katz also added CBS Radio and Entercom last week, picking them off from Interep’s list.
Katz has also…
Last week, Aegis Group CEO Robert Lerwill resigned unexpectedly, sparking speculation that a takeover may be on the horizon.
Lerwill stepped down officially today (Monday), with Aegis chairman John Napier taking over his duties on an interim basis, writes MediaPost. People…
Out-of-home companies are bracing for the recession like everyone else, but they may not feel the sting as badly as other media.
Though the third quarter brought negative growth to the nation’s three largest OOH companies - Clear Channel Outdoor,…
The 82nd annual Macy’s Thanksgiving Day Parade pulled an average 12.6 rating/26 share on Thanksgiving morning, Nov. 27, according to Nielsen.
That was 8% higher than its telecast last year, Mediaweek writes. NBC estimated that a total 44.7 million viewers…
Time magazine ousted Cosmo as the top magazine for college students in this year’s Anderson Analytics fall survey.
Time also jumped past People, which was last year’s No. 2, writes Ad Age. A Time spokesperson said the magazine did not run…
Email, news gathering and paying bills continue to be the most widely used online activities among U.S. adults, but downloading TV programs, watching videos and making web phone calls posted the biggest overall growth, according to data from Mediamark Research…
