Tribune’s top exec poised to resign
Randy Michaels, Tribune Co.'s embattled chief executive, has decided to resign his post at the Chicago-based media company and intends to leave the company before the end of the week,...
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New storm clouds over Tribune Co. bankruptcy case
When U.S. Bankruptcy Judge Kevin Gross stepped up to mediate a settlement in Tribune Co.'s fractious Chapter 11 case early this month, most observers gave him slim odds of success....
Hollywood name could lead Tribune Co.
Former Walt Disney Co. Chief Executive Michael Eisner is in discussions that could lead to his return to the media spotlight — as chairman of now-bankrupt Tribune Co. The Chicago-based...
Few answers in FBOP failure hearing
Speaking publicly for the first time about the demise of his $19 billion community banking empire, Michael Kelly told a congressional committee Thursday he'd still be in business today if...
Sun-Times’ buyers not new to headlines
Chicago financier Jim Tyree on Friday released the names of 10 co-investors in his $26 million rescue bid for the Sun-Times Media Group Inc. It's a list studded with colorful...
Sun-Times sale to Tyree gets court’s OK
A Delaware bankruptcy judge approved the sale of the Sun-Times Media Group Inc. to a group of investors led by Chicago financier Jim Tyree, breathing new life into a company...
Sun-Times’ cash position weakens in June
Despite aggressive cost cutting and other measures to improve its financial position, Chicago's Sun-Times Media Group Inc. burned through $2.2 million in cash in June, erasing more of the gains...
Bankruptcy’s hidden toll
Mandy Dalton is a professional clown. She likes to make kids laugh. "We're kind of the blue-collar workers of the entertainment industry. We get paid contractually," she said. "We're the...
GM deals 1,100 blows
The letter arrived in DeKalb at 9:30 Friday morning. "Based on ... current and foreseeable market conditions and your dealership's historical performance, we do not see that General Motors can...
Wings come off deal to privatize Midway
The much-anticipated $2.5 billion deal to privatize Midway Airport has become the latest victim of the global crisis choking off the financial markets, Chicago city officials said Monday. Unable to...