Latest in Peter Liguori

Signaling continued confidence that the company’s sale to Sinclair Broadcast Group will be approved by regulators, Tribune Media Co. said its chairman, Bruce Karsh, stepped down from the board on Oct. 26 and will not be replaced. "Given the overwhelmingly successful shareholder vote and the continued progress being…

Tribune Media execs this morning talked up their cost-cutting efforts, and $3.9 billion sale agreement with Sinclair Broadcast Group, after reporting a surprising Q1 loss attributed to lower TV ad revenues with rising programming costs — plus a $122 million impairment charge on its investment in CareerBuilder. Interim…

Tribune Media shares are up more than 9% in pre-market trading this morning after Reuters reported that Sinclair Broadcast Group is interested in a merger — and Tribune disclosed Q4 earnings that fell short of Wall Street expectations. The news service describes the talks with Sinclair as “preliminary” and notes that…

The timing of Peter Liguori’s announcement this morning about his plan to leave Tribune Media might be a surprise. But the development shouldn’t be. Tribune has been open for a sale for nearly a year and will find it much easier to secure a buyer with the Trump administration now in charge of communications…

Tribune Media CEO Peter Liguori said this morning that he will step down in March, ending the effort he began four years ago to take a publishing and TV company that had just emerged from bankruptcy protection and turn it into what he initially called a “165-year-old startup” built on TV production and…

Tribune Media continues its effort to raise cash with a deal unveiled this morning to sell its Gracenote data unit to Nielsen for $560 million. Tribune will hang on to two business-to-consumer websites: Covers.com and ProSportsDaily.com. The companies expect the deal to close by the end of March. Tribune says it…

Tribune Media just released Q3 earnings that fell short of Wall Street expectations — and dropped its full year guidance citing “lower than expected political advertising revenues” at its TV stations as well as “a decline in core advertising revenues.” Several real estate deals helped to lift net income 423% to $145.8…

Tribune Media’s cash raising efforts won’t include a sale of its 31% stake in Food Network — thought to be worth about $1 billion — to the cable channel’s parent, Scripps Networks Interactive. The companies say this morning that they’ve agreed to a “multi-year extension” of their Food partnership agreement. They…

Tribune Media investors breathed a sigh of relief today as the company announced that it has closed three previously announced deals to sell some high-profile real estate properties, ringing up $430 million. The price tag for Chicago’s Tribune Tower, Los Angeles Times Square (North Block) and Olympic Plant could rise…

One of Chicago’s most distinctive landmarks — the Tribune Tower, built in 1925 — is about to change hands. Tribune Media has accepted an offer potentially worth $240 million from Los Angeles-based CIM Group, which is expected to use the 35-story building as the centerpiece of a Michigan Avenue hotel, residential and…

Dish Network subscribers shouldn’t get their hopes up that they’ll see Tribune Media’s 42 TV stations and WGN America any time soon, the broadcaster warns. The outlets went dark on Dish on June 12 after the companies failed to agree on terms to renew a retransmission contract. But “despite Tribune Media's best…

UPDATE: Tribune Media CEO Peter Liguori told analysts in a conference call that he’s still negotiating to resolve his company’s dispute with Dish Network, and is “hopeful” it can be resolved “soon.” But his company only lost $1 million in Q2 from the dispute. “Naturally we don’t like losing any revenue,” he says. “But…