Welcome to www.comprofessor.com a.k.a. Lynch Coaching: Media and Communication Prof's News and Views from Art Lynch. This blog exists to stimulate critical thinking, provide information on communication and media, stimulate discussion and share ideas. For additional media and other news see also sagactoronline.com. Thank you and tell your friends. - Art Lynch
Anyone want to buy a newspaper? How about a TV station? Or maybe you’re more of a web fan, in which case careerbuilder.com might interest you. Either way, if you’re a media mogul with deep pockets, The Tribune Company has something for you.
The company has just emerged from bankruptcy with a new board, and they’re planning a fire sale.According to the Chicago Tribune, the Tribune Company wants to sell its eight newspapers, 23 TV stations and various sites, like Career Builder.
The papers — which include heavyweights like the Tribune and The Los Angeles Times — are only valued at about $623 million total. The TV stations and web properties — including WPIX and national cable channel WGN — are worth much more; at about $2.85 billion.
The Chicago Tribune company, later shortened to Tribune Corporation, may continue without the Chicago Tribune, WGN, its Los Angeles Times and all other media holdings, focusing on media ownership and production. As on New Years Eve Tribune emerged from four years of bankruptcy, with a board populated with a who's who of Hollywood and the Silicon Valley, a clear reflection in the shift from the era of eastern newspaper magnets to California and the entertainment media can be drawn.