TVNewser LostRemote AgencySpy PRNewser FishbowlNY FishbowlDC SocialTimes AllTwitter AllFacebook InsideFacebook InsideSocialGames InsideMobileApps

Posts Tagged ‘Peter Ligouri’

Tribune Lays Off Nearly 700 in Reorganization of Publishing Division

Tribune_buildingNearly 700 people were laid off from Tribune Co. newspapers Wednesday as the company prepares to reorganize its publishing division, the Chicago Tribune reports.

The layoffs, which did not affect the company’s television stations, come at the end of an eventful year for Tribune. The company emerged from bankruptcy in January with a plan to shift focus to its television stations, naming television executive Peter Ligouri CEO just weeks later. In July, Tribune announced the acquisition of 19 stations from Local TV.

Tribune also installed Larry Wert as president of local broadcasting. Wert has made a number of changes at WPIX, Tribune’s CW affiliate in New York City.

Commenting on today’s news, Ligouri said the company is “organizing around functional lines” and committed to maintaining “best-in-class local journalism.” The publishing division realignment will take effect January 1.

Mediabistro Course

Social Media 101

Social Media 101Get hands-on social media training for beginners in our online boot camp, Social Media 101. Starting September 4, social media and marketing experts will help you determine the social media sites that matter most to you, based on your personal and professional goals. Hurry, this boot camp starts next week! Register now! 

 

‘We Are the First Responders’: Station Group Heads Discuss Health of Local TV

NATPE_ConferenceTVSpy sat in on two of the TV Summit panel discussions at the “NYC TV Week” event this afternoon.

While the panel with Peter Liguori, president and CEO of Tribune Company, was held earlier than the lunchtime discussion with Valari Staab, president of NBC owned stations and Rebecca Campbell, president of ABC owned stations, much of the discussion revolved around the health of local stations.

“I actually had someone approach me who said ‘No one watches local news,’” said Liguori. “And they actually couldn’t be more wrong. This morning in LA, KTLA drew about 150,000 viewers. CNN probably drew 10,000. We’re so accustomed and trained to look at cable news on a national basis and never on a local basis. KTLA out delivered CNN ten times this morning. That’s incredibly powerful.” Read more

Tribune Co. Plans Split of Broadcasting, Publishing Divisions

Tribune Co. intends to split its broadcasting and publishing divisions into separate companies, the Chicago Tribune reports. The announcement comes just a week after Tribune announced an expansion of its broadcast division with a $2.7 billion purchase of Local TV’s 19 stations.

In a statement, CEO Peter Ligouri said the separation is “designed to allow each company to maximize its flexibility and competitiveness in a rapidly changing media environment.”

“Moving to separate our publishing and broadcasting assets into two distinct companies will bring single-minded attention to the journalistic standards, advertising partnerships and digital prospects of our iconic newspapers, while also enabling us to take advantage of the operational and strategic opportunities created by the significant scale we are building in broadcasting,” Ligouri said.

The Chicago Tribune, Tribune’s flagship publication, reports a detailed plan for the split will be developed over the next year. Only the newspapers and publishing assets would move to the new company, Tribune Publishing Co. The company’s 42 television stations, as well as its radio properties, would be retained by Tribune Co.

Tribune to Buy Local TV for $2.725 Billion

The Tribune Company, along with Local TV Holdings, LLC, have announced they’ve entered into a definitive agreement for Tribune to buy all of Local TV’s 19 stations for $2.725 Billion in cash.

“This is a transformational acquisition for Tribune—it makes us the #1 local TV affiliate group in America, expands the distribution platform for our high-quality video content, and extends the reach of our digital products to new audiences across the country,” said Peter Ligouri, Tribune’s president and CEO. “We couldn’t be more excited about Tribune’s future as America’s leader in creating and distributing original content and local news programming.”

The buy will give Tribune 42 stations across the US including FOX affiliate KDVR in Denver, CO, and ABC affiliate WNEP in Scranton-Wilkes Barre, PA. Local TV had been operating Tribune’s CW affiliates in Denver (KWGN) and St. Louis, MO, (KPLR).

“My management team will dearly miss working with some of the most talented and dedicated people in broadcasting, but we know we leave our employees in good hands,” said Bobby Lawrence, Chief Executive Officer of Local TV. “I am grateful to our partners at Oak Hill Capital, who acquired the finest stations in the industry and helped us build this great company.”

The sale is expected to close by the end of 2013 pending FCC approval.

Broadcasting Division CEO Nils Larsen Out at Tribune

Broadcasting division CEO Nils Larsen has left Tribune Co., according to Chicagoland Radio and Media.

Larsen joined the company’s senior leadership team in 2008 and was named chief investment officer in 2009. He was named president and CEO of Tribune Broadcasting Company in 2011.

Tribune exited bankruptcy in December. Earlier this year, Tribune appointed Peter Ligouri as CEO and Larry Wert as president of local broadcasting of the company. [h/t Broadcasting & Cable]

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