Nexstar financial chief says money from sale of printing press property helped purchase The CW [Editor’s Note: This story was updated November 19.] It turns out there is a Chicago connection to the recent purchase of The CW network by Irving, Tex.-based Nexstar Media Group – and it involves a future casino in our town. As reported by Hollywood trade […]
Brash billionaire likely to send social media platform to ruins, similar to what Zell did to the Tribune As you know by now, billionaire Elon Musk has bought Twitter, Inc. for $54.20 a share, or for $44 billion. The outright purchase of the social media platform by the world’s richest man came after Musk acquired shares in the company, […]
Alden takes control, ending local ownership after more than 150 years In a move everyone saw coming, New York City-based hedge fund Alden Global Capital last Friday got the green light to take full ownership of Tribune Publishing. The Chicago Tribune – one of the papers involving in the Alden transaction, reported the deal officially closed late Monday night. This […]
It’s [another] end of an era in Chicago media. But this one particularly stings In a deal anticipated for months, New York City-based hedge fund Alden Global Capital announced Tuesday it has decided to acquire the 68 percent of Tribune Publishing they already didn’t own in a $630 million deal, giving them full control of the Chicago-based media company. In […]
Another television group exits Illinois Atlanta-based Gray Television announced Monday the acquisition of Quincy Media’s television and radio properties for $925 million, a move expected as the Quincy, Ill.-based company announced late last year it was putting their media properties up for sale. Once the deal is completed, Gray would own stations in 102 markets, mostly mid-sized and small metros. […]
What’s on the media agenda in the first year of the new decade The new decade brings us things to look forward to in the world of media. So here’s are the ten things to keep your eye on in Chicago and in general for 2020. We’ll check back in at the end of the year to see how we […]
Also: Tribune Publishing’s union employees petition Alden Group; Sinclair backs away from political commentary; Steve Harvey resumes his talk show via Facebook (Updated December 16 to add more information.) In yet another shocking twist at the end of Wednesday night’s Survivor, controversial contestant Dan Spilo was removed from the game after he was accused again of sexual harassment, this time […]
Also: WLS-FM achieves historic feat; Nick Cannon to get new daytime show; MST3K canceled again Univision (branded locally as Univision Chicago) and the non-profit Chicago Reporter are teaming up to cover more of the area’s Hispanic community. As first reported by Broadcasting and Cable, the duo is forming a multi-platform news service named Latintext, and plans to cover important issues […]
Move ends 95 years of local control I guess this is another way for the Trump administration and Republicans to stick it to Chicago. In another… all together now – partisan divided vote, the FCC approved the transaction of Nexstar Broadcasting, swallowing up Chicago-based Tribune Media for $6.4 billion. This gives Nexstar over 100 stations in 114 markets with a […]
Year marked by scandals, futility, and other things 2018 wasn’t exactly a repeat of the last two horrendous years in the media world, but scandals and deceit still ruled the roost. Though not topping 2017’s Disney-Fox deal, 2018 had some mega transactions – though the second-biggest merger of 2017 went bust as Sinclair Broadcasting’s $4 billion deal to buy Tribune […]
Company reverts back to Tribune Publishing One of the most stupidest names ever to grace a media company is finally gone. As speculated back in June, “tronc” is reverting back to the Tribune Publishing name after two years of criticism and ridicule. The change officially takes place October 9 at 3:15 p.m. local time in a decision announced Thursday. We […]
Named expected to change back to Tribune Publishing after sale of LA Times, Ferro departure One of the most ridiculous names in media history is heading into the history books after two years. In a move approved last month, the parent company of the Chicago Tribune is reverting back to Tribune Publishing, after a disastrous stint under the name “tronc”. […]
With the upfronts a little over a week away, reports are surfacing on not if Supergirl is coming back next season but where: The Wrap is reporting Warner Bros. Television is discussing a plan to move the freshman drama from CBS to The CW next year, where CBS and Warner Bros. have a 50/50 interest. There are concerns if the […]
Last week’s opinion piece shows the insensitivity of the Zell and Michaels era still abound at the Trib As you know by now, Chicago Tribune Editorial Board member Kristen McQueary caused a huge stir last Friday writing a column “wishing” a Hurricane Katrina storm would wipe out Chicago, giving it a “reboot” as the city struggles with crime, financial problems, and […]
News and notes from around the industry – WSRB, a Crawford-owned urban adult contemporary station previously known as Soul 106.3, is trying its luck with an other former WGCI alum – Tony Sculfield, who’ll soon take over the evening slot vacated by Ramonski Luv, who was out after less than six months on the air. Recently, Sculfield was part of […]