Tribune sold, Police Spt. Cline resigns




Not a total shock on Police Supt. Cline, considering the latest police incident with an off duty cop beating a bartender up.

The Tribune has been for sale, most figured it would sell in pieces, but the Cubs are going to be the piece tore off.


Cline resignsPolice Supt. Phil Cline abruptly resigned Monday, an attempt to stem damage done to the Chicago Police Department's image around the world with the potential to sink Mayor Daley's Olympic dream.

"Leaving during these times of challenge makes my decision even more difficult," said Cline, 57. "Mayor Daley has given me a once-in-a-lifetime opportunity to lead the best police department in the country and I thank him for that."


Tribune tower pictured, WGN radio home
Trib's holdings
A look at assets of Tribune Co., which agreed Monday to be bought out and taken private by investor Sam Zell in a deal valued at about $8.2 billion:


PUBLISHING
Owns and operates 11 daily papers, which accounted for 74 percent of company revenues in 2006: the Los Angeles Times; Chicago Tribune; Newsday (New York); South Florida Sun-Sentinel; Orlando Sentinel; The Sun (Baltimore); Hartford (Conn.) Courant; The Morning Call (Allentown, Pa.); Daily Press (Newport News, Va.); in process of closing on sale of Connecticut dailies The Advocate and Greenwich Time to Gannett Co. for $73 million.


BROADCASTING AND ENTERTAINMENT
Owns and operates 23 TV stations and superstation WGN on national cable. TV stations include The CW Network affiliates in New York; Los Angeles; Chicago; Dallas; Washington, D.C.; Houston; Miami; Denver; St. Louis; Portland, Ore.; Indianapolis; San Diego; Hartford, Conn.; and New Orleans; Fox television affiliates in Seattle; Sacramento; Indianapolis; Hartford, Grand Rapids, Mich., and Harrisburg, Pa.; MyNetwork affiliates in Philadelphia and Seattle; and an ABC television affiliate in New Orleans. Also owns WGN-AM radio station in Chicago and CLTV, the regional 24-hour cable news channel in Chicago.


Entertainment operations include the Chicago Cubs baseball team (above) and Tribune Entertainment, which distributes its own programming together with programming licensed from third parties.


INVESTMENTS
Major stakes in CareerBuilder, an online recruiting company; Classified Ventures, a network of automotive and real estate classified advertising Web sites; TV Food Network, a 24-hour cable/satellite television network focusing on food and entertaining; Comcast SportsNet Chicago, a 24-hour cable/satellite television network focusing on Chicago sports teams; ShopLocal, which transforms traditionally print-based retail promotions into search-based interactive formats; Topix.net, an online news and information aggregation Web site; TMCT and TMCT II; partnerships involving the Chandler Trusts, leading Tribune shareholders.

3 Comments:

  1. SP Biloxi said...
    These are changing times for sure. I heard about the selling of the Tribune. And now Circuit City are downsizing. These are the sign of times. Anywhere you go in the U.S. is certainly financial problems and corruption in the state. And now the Gerbil is attacking Congress because they are withholding the Gerbil's purse.. The more that the Gerbil acts like the Pharoah, the less Congress will give in to his demand and the more determined that the American people want the Gerbil gone.
    Third Generation Chicago Native said...
    A friend of mine was a manager at Ciruit City, she said they are all closing. Anyhow, plenty of things are closing, getting bought up etc.
    It will be interesting to see what will become of the Cubs, they are not a winning team but are constantly sold out. My alumni is having some event 200 bucks a person on a roof top for a Cubs game. No Thanks, no Cubs for this South Sider.
    SP Biloxi said...
    200 bucks for a ticket to the Cubs? What happen to the days when it cost 6-10 bucks to watch a baseball game in the nosebleed section. Certainly sports have turned into a business and not entertainment.

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