Tribune Shareholders To Vote On Proposed Name Change To Tribune Media Co. After Spinoff Of Print Operations
July 9, 2014 at 6:23 PM (PT)
TRIBUNE CO. is asking shareholders to approve a name change for the company after it spins off its publishing business. CRAIN'S CHICAGO BUSINESS reports that the broadcast company, which owns News-Talk WGN-A and Sports WGWG-LP (THE GAME 87.7)/CHICAGO intends to rename itself TRIBUNE MEDIA CO.
The company, which will be spinning its eight daily newspapers (the CHICAGO TRIBUNE, LOS ANGELES TIMES, SOUTH FLORIDA SUN-SENTINEL, HARTFORD COURANT, BALTIMORE SUN, ORLANDO SENTINEL, ALLENTOWN MORNING CALL, and DAILY PRESS of HAMPTON ROADS, VA) and $350 million in debt into TRIBUNE PUBLISHING CO., is holding its annual shareholders' meeting on JULY 14th to vote on the change and other issues. LOS ANGELES TIMES Publisher and former TRIBUNE CEO EDDY HARTENSTEIN is stepping down from the TRIBUNE board at the meeting. PETER LIGUORI will remain CEO of the broadcast company, which will also own 42 television stations, WGN AMERICA, and real estate assets.