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Posts Tagged ‘Eddy Hartenstein’

Tribune Company Cleared to Exit Bankruptcy

Tribune Company, the Chicago-based owner of several newspapers and 23 television stations, announced on Friday it has received approval needed to end its four-year bankruptcy proceedings.

“This decision will enable the company to continue moving forward toward emergence from Chapter 11, a process we expect to complete over the course of the next several weeks,” Tribune CEO Eddy Hartenstein said in a statement.

Tribune has cross-ownership of television stations and newspapers in five markets — Chicago, New York, Los Angeles, South Florida and Hartford — under exceptions to a 1975 FCC rule. Federal regulators have granted Tribune a permanent waiver in Chicago and extended waivers in the other four markets, allowing the company to continue cross-ownership. Read more

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Tribune’s Appointment of Nils Larsen to Broadcasting CEO Leaves Many ‘Scratching Their Heads’

Tribune Co. announced a significant change to the management structure of its broadcasting operations this week, eliminating the president position held by Jerry Kersting for the past year and appointing Nils Larsen (right), the current executive chairman of broadcasting, to CEO of the division.

In announcing the shakeup, newly appointed Tribune CEO Eddy Hartenstein said that Larsen was “the right person to lead our broadcasting operations.” But Chicago media reporter Robert Feder points out that Larsen, whose resume is lacking any real experience in broadcasting, can hardly be considered an ideal candidate for the position outside of the fact that he is one of Sam Zell‘s longtime cronies.

“He’s someone who grew up in Sam’s environment and made a lot of money for him, but I don’t know how he sold himself as the right person to lead a group of television stations and a radio station,” a former colleague told Feder. “A lot of general managers who’ve been career broadcasters for 30 or 40 years must be scratching their heads.” Read more

Tribune Co. Names Eddy Hartenstein CEO

Tribune Co., which owns 24 stations across the country including WPIX in New York and WGN in Chicago, announced today that its board of directors has appointed Eddy Hartenstein, publisher of the Los Angeles Times, as president and CEO.

“The board feels strongly that it is in Tribune’s best interests to have one person providing strategic vision and day-to-day direction for the company and its employees as we prepare to emerge from the Chapter 11 process,” said Sam Zell, Tribune’s chairman, in announcing the move.  “Eddy is a gifted executive—he knows our operations, understands how technology is changing the media industry, and can help the company capitalize on those changes to continue achieving meaningful financial results.”

Hartenstein will continue to serve as publisher and CEO of the Los Angeles Times.  Before joining Tribune, Hartenstein served as chairman and CEO of DirecTV.

“Tribune’s unique mix of broadcasting, publishing and digital assets, along with its forward-looking technology group, positions the company well for success,” said Hartenstein.