Tribune Opens Blue Lynx Media In Texas For Back-Office Operations
August 16, 2010 at 10:13 AM (PT)
TRIBUNE COMPANY announced TODAY that its new subsidiary, BLUE LYNX MEDIA LLC, has opened a shared service center in LEWISVILLE, TX, where it is expected to provide jobs for as many as 200 new employees. BLUE LYNX MEDIA will provide solutions for the parent company’s back-office operations.
The company estimates that implementation of the shared service center, utilizing simplified, standardized processes, will save TRIBUNE tens of millions annually. Taking a fresh look at end-to-end processes is a key component of that effort. BLUE LYNX MEDIA will evaluate operations continuously as it looks for efficiencies. The transition of all financial transactions to the LEWISVILLE-based center will take place over the course of the next 18 months.
"Centralizing financial transactional processing in a low-cost manner is key to TRIBUNE gaining efficiencies," NICK CORY, President of BLUE LYNX said. "In addition, the establishment of a shared service center allows us to reallocate some of our finance resources, enabling us to compete on analytics."