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NEWS
By Thomas S. Mulligan and James Rainey and Thomas S. Mulligan and James Rainey,LOS ANGELES TIMES | November 14, 2006
LOS ANGELES -- Lackluster bidding for Tribune Co. has sparked a debate within the Los Angeles Times' founding family about whether to launch its own bid for the company, a family member said yesterday. If Tribune ultimately is going to be sold in pieces, some members of the Chandler family reason that if there is money to be made doing that they might as well be the ones to make it, the family member said. Others believe in restoring the Times to family control, but the clan remains divided on how to proceed, said the family member, who asked not to be named because the Chandlers have not been commenting on the continuing auction of Tribune.
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BUSINESS
By Bloomberg News | January 5, 2007
CHICAGO -- Tribune Co.'s second-largest shareholder, a trust created by the company's former chairman, might make a bid for the publisher of The Sun, Los Angeles Times and Chicago Tribune. Robert R. McCormick Tribune Foundation said in a statement yesterday that it hired buyout firm Blackstone Group to help decide whether to make an offer for the Chicago media giant or sell its 12 percent stake. The trust joined forces with the Cantigny Foundation, a related entity that holds 1.4 percent of Tribune.
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BUSINESS
By NEW YORK TIMES NEWS SERVICE | June 23, 2006
In the melee that erupted last week between the Chandler family and the Tribune Co., it has been hard to tell who is driving the Chandler caravan. After all, the Chandlers, who owned the Los Angeles Times for more than a century, are a diffuse clan numbering about 170 members, many of whom have never met one another. One of the major players behind the scenes is Thomas Unterman. He is neither a member of the family nor a trustee overseeing its billions, nor is he one of the trust's appointees on the Tribune board.
NEWS
By Thomas S. Mulligan and James Rainey and Thomas S. Mulligan and James Rainey,LOS ANGELES TIMES | November 14, 2006
LOS ANGELES -- Lackluster bidding for Tribune Co. has sparked a debate within the Los Angeles Times' founding family about whether to launch its own bid for the company, a family member said yesterday. If Tribune ultimately is going to be sold in pieces, some members of the Chandler family reason that if there is money to be made doing that they might as well be the ones to make it, the family member said. Others believe in restoring the Times to family control, but the clan remains divided on how to proceed, said the family member, who asked not to be named because the Chandlers have not been commenting on the continuing auction of Tribune.
BUSINESS
By SUSAN CHANDLER and SUSAN CHANDLER,CHICAGO TRIBUNE | June 20, 2006
It's up to William A. Osborn to be the peacemaker. As Tribune Co.'s lead independent director, Osborn, chief executive of Northern Trust Corp., must find a way to cool the heated war of words that has erupted between Tribune management and the Chandler family of California, corporate governance experts say. Osborn also must act as an emissary between the two factions and help craft a compromise that will end the standoff, they add. "That's one of...
BUSINESS
By JOSEPH MENN and JOSEPH MENN,LOS ANGELES TIMES | June 15, 2006
The former owners of the Los Angeles Times escalated their attack on the newspaper's parent company yesterday, calling publicly for a breakup or sale of Tribune Co. after years of "disastrous" inaction and a 38 percent decline in the stock price. Representatives of the Chandler family, Tribune's second-largest shareholder, said the company should spin off its 26 television stations and consider selling some or all of its 11 papers, which include the Times, the flagship Chicago Tribune, The Sun and Newsday.
NEWS
May 5, 2002
Norman Brant Chandler, 49, a former executive with the Los Angeles Times and the first member of the fifth generation of the Chandler family to establish a career with the newspaper, died Friday. His father, Otis Chandler, publisher of the paper from 1960 to 1980, said his eldest son died at his home in Ojai, Calif., of complications from a brain tumor. Livingston L. Biddle Jr., 83, who wrote the legislation that led to the creation of the National Council on the Arts and the National Endowment for the Arts, died Friday at a hospital in Washington, where he lived.
BUSINESS
By Bloomberg News | October 7, 2006
LOS ANGELES -- Reporters and editors at the Los Angeles Times yesterday began a petition drive to support Editor Dean P. Baquet's opposition to further newsroom job cuts. The petition sends a signal to the Tribune Co., of Chicago, the second-largest U.S. newspaper publisher, that the ouster of Times publisher Jeffrey M. Johnson on Thursday is unlikely to quell the unrest among 940 reporters, editors and other newsroom workers. The Times is the nation's fourth-largest daily paper by circulation.
BUSINESS
By BLOOMBERG NEWS | February 3, 2000
LOS ANGELES -- Times Mirror Co., the nation's No. 3 publisher of newspapers, said yesterday that fourth-quarter profit fell nearly 12 percent because of higher interest expense from new debt to fund a transaction with its controlling Chandler family. Profit from continuing operations fell to $67.5 million from $75.5 million in the year-earlier period. A decrease in the number of shares outstanding caused per-share profit to rise to $1.03 from 87 cents, matching analysts' estimates. Times Mirror and the Chandler family last year transferred $2.5 billion in cash, investments and stock to a new partnership as part of a recapitalization that cut the number of Times Mirror's shares outstanding and its preferred dividend payments.
BUSINESS
By Bloomberg Business News Sun Staff Writer David Conn contributed to this article | June 9, 1994
The Times Mirror Co. is being sued by shareholders who claim the media company's agreement to sell its cable operations unfairly favors the controlling Chandler family.The lawsuits, filed in Delaware Chancery Court this week, contend the company's board breached its fiduciary duties by not treating the Chandler family, which controls a majority of Times Mirror voting shares, and public shareholders "equally and fairly.""It's a legal matter. We're studying it, and we can't comment any further," said Stephen C. Meier, Times Mirror's vice president for administration and community affairs.
BUSINESS
By Bloomberg News | October 7, 2006
LOS ANGELES -- Reporters and editors at the Los Angeles Times yesterday began a petition drive to support Editor Dean P. Baquet's opposition to further newsroom job cuts. The petition sends a signal to the Tribune Co., of Chicago, the second-largest U.S. newspaper publisher, that the ouster of Times publisher Jeffrey M. Johnson on Thursday is unlikely to quell the unrest among 940 reporters, editors and other newsroom workers. The Times is the nation's fourth-largest daily paper by circulation.
BUSINESS
By James Rainey and Thomas Mulligan and James Rainey and Thomas Mulligan,Chicago Tribune | September 19, 2006
The fate of the Los Angeles Times and the 10 other newspapers and 26 television stations owned by the Tribune Co. remains in the balance as its board prepares to meet Thursday amid pressure from the company's largest and most disgruntled shareholder to break up the media conglomerate.
BUSINESS
By NEW YORK TIMES NEWS SERVICE | June 23, 2006
In the melee that erupted last week between the Chandler family and the Tribune Co., it has been hard to tell who is driving the Chandler caravan. After all, the Chandlers, who owned the Los Angeles Times for more than a century, are a diffuse clan numbering about 170 members, many of whom have never met one another. One of the major players behind the scenes is Thomas Unterman. He is neither a member of the family nor a trustee overseeing its billions, nor is he one of the trust's appointees on the Tribune board.
BUSINESS
By SUSAN CHANDLER and SUSAN CHANDLER,CHICAGO TRIBUNE | June 20, 2006
It's up to William A. Osborn to be the peacemaker. As Tribune Co.'s lead independent director, Osborn, chief executive of Northern Trust Corp., must find a way to cool the heated war of words that has erupted between Tribune management and the Chandler family of California, corporate governance experts say. Osborn also must act as an emissary between the two factions and help craft a compromise that will end the standoff, they add. "That's one of...
BUSINESS
By JOSEPH MENN and JOSEPH MENN,LOS ANGELES TIMES | June 15, 2006
The former owners of the Los Angeles Times escalated their attack on the newspaper's parent company yesterday, calling publicly for a breakup or sale of Tribune Co. after years of "disastrous" inaction and a 38 percent decline in the stock price. Representatives of the Chandler family, Tribune's second-largest shareholder, said the company should spin off its 26 television stations and consider selling some or all of its 11 papers, which include the Times, the flagship Chicago Tribune, The Sun and Newsday.
NEWS
May 5, 2002
Norman Brant Chandler, 49, a former executive with the Los Angeles Times and the first member of the fifth generation of the Chandler family to establish a career with the newspaper, died Friday. His father, Otis Chandler, publisher of the paper from 1960 to 1980, said his eldest son died at his home in Ojai, Calif., of complications from a brain tumor. Livingston L. Biddle Jr., 83, who wrote the legislation that led to the creation of the National Council on the Arts and the National Endowment for the Arts, died Friday at a hospital in Washington, where he lived.
NEWS
By Bill Atkinson and Bill Atkinson,SUN STAFF | March 13, 2000
The Times Mirror Co., publisher of newspapers, including The Sun and the Los Angeles Times, is in discussions to be acquired by the Tribune Co., owner of the Chicago Tribune and television and radio stations across the nation. Although top executives of neither company would discuss the matter early this morning, a spokeswoman for Los Angeles-based Times Mirror confirmed the talks. "Advanced discussions are under way . . . to merge the two companies," said the spokeswoman, who asked not to be identified.
BUSINESS
By James Rainey and Thomas Mulligan and James Rainey and Thomas Mulligan,Chicago Tribune | September 19, 2006
The fate of the Los Angeles Times and the 10 other newspapers and 26 television stations owned by the Tribune Co. remains in the balance as its board prepares to meet Thursday amid pressure from the company's largest and most disgruntled shareholder to break up the media conglomerate.
NEWS
By Bill Atkinson and Bill Atkinson,SUN STAFF | March 13, 2000
The Times Mirror Co., publisher of newspapers, including The Sun and the Los Angeles Times, is in discussions to be acquired by the Tribune Co., owner of the Chicago Tribune and television and radio stations across the nation. Although top executives of neither company would discuss the matter early this morning, a spokeswoman for Los Angeles-based Times Mirror confirmed the talks. "Advanced discussions are under way . . . to merge the two companies," said the spokeswoman, who asked not to be identified.
BUSINESS
By BLOOMBERG NEWS | February 3, 2000
LOS ANGELES -- Times Mirror Co., the nation's No. 3 publisher of newspapers, said yesterday that fourth-quarter profit fell nearly 12 percent because of higher interest expense from new debt to fund a transaction with its controlling Chandler family. Profit from continuing operations fell to $67.5 million from $75.5 million in the year-earlier period. A decrease in the number of shares outstanding caused per-share profit to rise to $1.03 from 87 cents, matching analysts' estimates. Times Mirror and the Chandler family last year transferred $2.5 billion in cash, investments and stock to a new partnership as part of a recapitalization that cut the number of Times Mirror's shares outstanding and its preferred dividend payments.
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