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2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004

17 items from 2014


Indianapolis TV Station Buys CW Affiliation After Losing CBS to Tribune

22 December 2014 6:39 PM, PST | Variety - TV News | See recent Variety - TV News news »

Indianapolis’ Wish-tv took a hit in August with the loss of its longtime CBS affiliation agreement to Tribune-owned rival Wttv-tv amid hardball renewal negotiations with the Eye network.

Now Wish has had to take the step of buying the rights to a CW affiliation from the same station that snatched away its CBS deal.

Wttv will switch from CW to CBS programming on Jan. 1. Wttv had planned to move CW’s programing to its digital subchannel, until the sale to Wish transpired.

The move is better for CW, which is on a roll with buzzy new shows such as “The Flash” (pictured), as Wish has strong coverage in the nation’s 26th largest market. Wish is owned by Media General, which just completed a merger with the Lin TV station group. The loss of CBS affiliation in Indianapolis, an NFL market, forced a revise of the merger pricetag due to »

- Cynthia Littleton

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Tribune Media to Move Stock to New York Exchange

2 December 2014 6:18 AM, PST | The Hollywood Reporter | See recent The Hollywood Reporter news »

Tribune Media said Tuesday that it has received approval to move its stock to the New York Stock Exchange, which is expected to give it more investor and Wall Street attention. The company, led by CEO Peter Liguori, expects trading of its class A common stock on the NYSE to start on Friday under ticker symbol Trco. It currently trades on the Otc Bulletin Board for smaller, less broadly followed stocks. That makes it less widely traded and covered by analysts. Liguori previously said that a move to a major exchange would "open us up to more investors." The

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- Georg Szalai

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Tribune Media Emphasizes Diversification Efforts in Warmup for NYSE Listing

11 November 2014 8:07 AM, PST | Variety - TV News | See recent Variety - TV News news »

Don’t call Tribune Media a pure-play TV station group. That was the message from Tribune CEO Peter Liguori on the company’s third-quarter earnings call, the first for the newly formed entity that is warming up for a return to a listing on the New York Stock Exchange by next year.

Liguori and Tribune CFO Steven Berns took investors through the company’s strategy and recent financials. Liguori emphasized the group’s multi-pronged approach to growth through beefing up its 42 local TV stations, turning Wgn America from a cable superstation to a general entertainment network offering original programming year-round, and expanding its metadata business in the U.S. and overseas markets.

“We are not just a local broadcaster,” Liguori said. “We are a diversified media company.”

The emphasis on Tribune’s diversification efforts comes amid weakness in the local and national advertising market that has investors jittery about businesses »

- Cynthia Littleton

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Tribune Media CEO: Over-the-Top Is "Tremendous Opportunity"

11 November 2014 6:39 AM, PST | The Hollywood Reporter | See recent The Hollywood Reporter news »

With CBS and HBO having announced online-only streaming services and content giants licensing content to online players, Tribune Media CEO Peter Liguori on Tuesday discussed his company's take on "over-the-top" offers. "In general, we see over-the-top as a tremendous opportunity," he said on the company's third-quarter earnings conference call. "It's a potential new distribution platform for our broadcast content, and we look forward to discussions with new entrants who are now looking to pay fair-market value for our content." He added that Ott also has potential for Tribune's Wgn America and

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- Georg Szalai

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Tribune Media Third-Quarter Earnings Exceed Expectations

11 November 2014 12:49 AM, PST | The Hollywood Reporter | See recent The Hollywood Reporter news »

Tribune Media, the entertainment company that was created by the recent split of the Tribune Co., on Tuesday reported better-than-expected third-quarter earnings. Tribune Media is led by CEO Peter Liguori who used to hold senior executive roles at Fox and Discovery Communications. He touted the company's outlook on an earnings call Tuesday, including expectations for growing retransmission consent fees, increased original programming at Wgn America and upside in the company's entertainment meta-data business. Discussing what Tribune Media was now, he described it as a "diverse, modern media company." While sometimes people call it a local

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- Georg Szalai

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Tribune Extends Fox Affiliation Deal in Seattle Market — For a Price

17 October 2014 7:00 AM, PDT | Variety - TV News | See recent Variety - TV News news »

After months of hardball negotiations, Tribune Media has reached a deal with Fox to extend the affiliation of its Seattle station Kcpq-tv, which Fox had been eyeing as part of its campaign to secure O&Os in key NFL markets.

Tribune said Friday that it has extended the affiliation deal through July 2018. Last month, Fox formally notified Tribune that it intended to end the affiliation deal in January as it pressured Tribune to agree to a  station swap deal that would have allowed Fox to claim Kcpq as its own.

Fox even went so far as to start the process of acquiring another station on the edges of the Seattle market to ramp up the pressure on Tribune to hand over Kcpq. The Fox O&O group orchestrated a similar station swap with Cox Media in the San Francisco market earlier this year.

Tribune also had some clout to bring »

- Cynthia Littleton

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Fox Plays Hardball with Affiliation Renewals in NFL Markets

8 October 2014 8:34 AM, PDT | Variety - TV News | See recent Variety - TV News news »

As Fox completes its station swap in the San Francisco market, the station group turns its focus to consolidating its grip on another lucrative NFL market: Seattle.

Fox has been playing hardball for months with Tribune Media in an effort to acquire Tribune’s Kcpq-tv Seattle. The Fox Television Stations group is taking steps to purchase a small indie broadcast station that serves the Seattle market, Kbcb-tv, in a bid to add pressure to Tribune to agree to a station swap that would result in the Fox O&O group acquiring Kcpq. Word of Fox’s plan to purchase Kbcb was first reported Wednesday by the Wall Street Journal.

Seattle is an attractive market to Fox because it its home to the Seattle Seahawks NFL franchise, which is part of the Nfc conference game package for which Fox pays billions of dollars every year. Owning the hometown Seattle Fox affiliate »

- Cynthia Littleton

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CBS Presses for New Revenue for Content as TV Advertising Appears in Flux

10 September 2014 12:54 PM, PDT | Variety - TV News | See recent Variety - TV News news »

As Madison Avenue’s support for traditional TV advertising appears to shift, CBS Corp. is likely to seek ways to maximize payments for the big-audience programs it creates from other content purveyors, the company’s chief executive suggested Wednesday in a talk with investors.

CBS Corp. chief executive Leslie Moonves described a market in which demand for top-tier programming is robust, a dynamic likely to fuel the revenue his company can secure from cable networks, streaming-video distributors, TV stations and international media outlets eager to woo big viewing audiences. At the same time, he noted, advertisers appear to be placing more emphasis on digital media. That would imply the company’s flagship broadcast network must work harder for the ad dollars it secures each year.

He made his remarks Wednesday at an investor conference organized by Goldman Sachs.

CBS saw the volume of advance advertising commitments placed during the recent »

- Brian Steinberg

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Tribune Media ‎Eyeing Move to Major Stock Exchange

4 September 2014 11:53 AM, PDT | The Hollywood Reporter | See recent The Hollywood Reporter news »

Tribune Media is preparing to file the necessary documents to move its stock to a major stock exchange, CEO Peter Liguori said Thursday. The company is currently publicly traded, but the stock is only listed on the so-called Over-the-Counter Bulletin Board for smaller, less broadly followed stocks. That makes the stock less widely traded and covered by analysts. "It is something that we have to address," Liguori told the Nomura Digital Media Conference in New York. "We do know that there is tremendous investor interest." He said his team was in the process of completing

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- Georg Szalai

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Craig Ferguson in Final Negotiations With Tribune for 7 p.m. Syndicated Talkshow (Exclusive)

15 August 2014 1:47 PM, PDT | Variety - TV News | See recent Variety - TV News news »

Craig Ferguson is in final negotiations with Tribune Media to host a daily syndicated half-hour talkshow that would air in the 7 p.m. hour across Tribune Broadcasting’s 42 stations.

The show is targeted to bow in fall 2015. It’s expected that Michael Naidus, exec producer of CBS’ “The Late Late Show With Craig Ferguson,” will be on board as showrunner of the show, which will blend comedy and talkshow elements. The intent is to rev up the hour leading into primetime with the Ferguson yakker paired at 7:30 p.m. with a prime sitcom rerun, a la “Two and a Half Men” or “The Big Bang Theory.”

Reps for Tribune Media and Ferguson declined to comment.

Tribune is in talks with distributors to handle national distribution of the show beyond its stations, which reach some 42% of U.S. TV households and cover key top markets including New York (Wpix), L. »

- Cynthia Littleton

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Tribune Earnings Hit By Higher Programming Costs, Advertising Softness

12 August 2014 8:12 AM, PDT | Variety - TV News | See recent Variety - TV News news »

Tribune Media’s second quarter earnings report underscores the importance of growing retransmission consent revenues to broadcast groups at a time when advertising remains soft.

Tribune’s revenue was boosted by a big jump in retrans coin as well as $160 million in proceeds from the sale of its share of the Classified Ventures online advertising service to Gannett Co.

Revenue in Tribune’s broadcast unit climbed 5% from the year-ago quarter to $425.8 million. Retrans revenue alone spiked 78% to $57.1 million, while advertising revenue declined 2.2% to $336.6 million. Political advertising increased to $6.5 million for the quarter but that was more than offset by a $15.6 million year-over-year decline in core advertising.

Even with the retrans windfall, earnings for the broadcast group fell 6% to $140.5 million as Wgn America saw programming expenses jump $24.5 million in connection with the launch of original drama series “Salem.”

Tribune Media CEO Peter Liguori said he was “pleased” with the company’s accomplishments in the second quarter, »

- Cynthia Littleton

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Tribune Company Rebrands as It Spins Off Publishing Business

4 August 2014 11:07 AM, PDT | The Wrap | See recent The Wrap news »

Tribune has rebranded itself as Tribune Media Company as it completes the process of spinning off its publishing business, the company said on Monday. The newly rebranded entity combines content with distribution and digital properties that include Tribune Broadcasting, Wgn America, Tribune Studios, Tribune Digital Ventures, Wgn Radio in Chicago and Tribune Real Estate. Also read: Rupert Murdoch Won't Be Buying Chicago Tribune or L.A. Times Tribune Media Company president and CEO Peter Liguori said the company has embraced the changing media environment while announcing the rebrand Monday. “In the last year, we have executed a strategy designed to embrace a rapidly changing media. »

- Tim Kenneally

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Why Wall Street Will Scrutinize Walden, Newman As They Take Fox Control

14 July 2014 10:46 AM, PDT | Variety - TV News | See recent Variety - TV News news »

Installing new creative oversight at a major broadcast outlet is a move that typically raises the interest of Hollywood. Now that longtime production-studio vets Dana Walden and Gary Newman have been placed over the operations of TV’s iconoclastic Fox network, however, Wall Street will also be sure to raise an eyebrow.

Fox will continue to launch program concepts that challenge industry convention – stuff like “24” and “American Idol.” What Newman and Walden will have to demonstrate is an unerring ability to find a home at Fox for concepts developed at the 20th Century Fox production studio, generate the biggest amount of publicity for them on one of the biggest media platforms in the United States and then monetize them more readily at a time when streaming-video players are crying out for content.

The Fox network has been blessed in recent years with executives like Gail Berman, Peter Liguori and Kevin Reilly »

- Brian Steinberg

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Peter Liguori To Leave Yahoo Board

11 April 2014 3:40 PM, PDT | Deadline TV | See recent Deadline TV news »

This little item popped up in the Friday data dump of filings at the SEC. The Tribune CEO told Yahoo that he won’t seek re-election at the next annual meeting, when his term expires. Peter Liguori, formerly a honcho at Fox and Discovery, joined the board in 2012. Yahoo had hoped that the appointment of an independent director would help to derail a planned proxy fight by Third Point’s Daniel Loeb who said, among other things, that the company was underperforming in part because directors were too closely aligned with management. That plan didn’t work, though the company and Loeb finally made peace after it hired Marissa Mayer to be CEO. (Loeb is an investor in Variety with Deadline’s parent company, Pmc.) Last year, Liguori also left the MGM board. »

- DAVID LIEBERMAN, Financial Editor

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Tribune Co. Reports Earnings, Revenue Declines for 2013

28 March 2014 8:57 AM, PDT | Variety - TV News | See recent Variety - TV News news »

Tribune Co. saw earnings and revenue hits last year at its broadcasting and publishing units, according to the full-year and fourth quarter financial statements released Friday.

Some of the declines were attributable to the extra week in its 2012 results for both full year and fourth quarter earnings.

But even adjusted for the quirk of the calendar, Tribune saw an earnings slump in the year that it made a bold bet on growing its broadcasting operation with the $2.7 billion acquisition of Local TV, which boosted its station holdings from 23 to 42. Tribune stations, like most other broadcast groups, inevitably faced tough year-to-year comps in 2013 because of the political advertising gusher that flowed in the 2012 election year.

Earnings and revenue were also down on the publishing side, which is preparing for a spinoff into a standalone entity housing eight major market daily newspapers including the Los Angeles Times and Chicago Tribune.

Tribune CEO »

- Cynthia Littleton

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Tribune Taps Keith Bowen To Be Chief Revenue Officer

17 March 2014 2:27 PM, PDT | Deadline TV | See recent Deadline TV news »

Chicago, Mar. 17, 2014—Tribune Company today announced the appointment of Keith Bowen to the newly created position of Chief Revenue Officer. Bowen will be responsible for maximizing revenue across the company’s growing broadcast and digital media portfolio, including its local television stations and Wgn America. He will lead the company’s effort to drive its revenue streams and identify new opportunities for growth. Bowen will begin his new duties on April 1, and will report to Tribune’s President and Chief Executive Officer, Peter Liguori. “Keith has a track record of success working with and developing solutions for advertisers across a broad array of media platforms,” said Liguori. “He has a terrific ability to target an advertiser’s message to the right audience at the right time using the right combination of media for maximum impact, and he always puts clients first. Keith is driven and creative and he will be »

- THE DEADLINE TEAM

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Rep. Henry Waxman Suggests Tribune Is Looting La Times Before Proposed Newspaper Spinoff

6 January 2014 5:05 PM, PST | The Wrap | See recent The Wrap news »

Democratic California Rep. Henry Waxman has sent a second letter to Tribune Co. President and CEO Peter Liguori about its proposed spinoff of the L.A. Times and other newspapers it now owns, expressing heightened concerns about the transaction based on paperwork filed with the Securities and Exchange Commission. “It appears that you are putting onerous conditions on the Los Angeles Times and other newspapers that could jeopardize their survival as a separate entity, the Tribune Publishing Company,” Waxman wrote. “At a minimum, you appear to be putting the profits of the Tribune Company ahead of the interests of the public in. »

- L.A. Ross

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2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004

17 items from 2014


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