The Tribune Co. officially emerged from bankruptcy Monday with a new board including former Yahoo exec Ross Levinsohn and former Disney exec Peter Murphy. The company plans to sell off its 23 television stations, eight daily newspapers and stakes in websites like CareerBuilder.com.
Some famous newspaper titles are going on sale next year. Meanwhile, as analyst Ken Doctor reports, regulators will re-examine rules that limit cross-ownership of media platforms.
There are fresh rumors that Rupert Murdoch wants to buy the flagship newspapers of America’s second and third biggest cities. This would give him a giant footprint in the country’s three biggest markets — but it still doesn’t make business sense.
Personalized reading app Zite is adding additional publishers to its three-month-old publisher program. New additions include The Chicago Tribune, Los Angeles Times, Hearst’s “Harper’s Bazaar,” the International Business Times and others. All will have their own sections within Zite.
The Chicago Tribune will at last begin charging for its online content through an innovative scheme that will also give readers access to a premium package of third party content.
Paywall solutions are having a bad month. Google shuttered One Pass at the end of April. Now paywall and news aggregation site Ongo, which launched in January 2011 with $12 million in funding from the New York Times, Washington Post and Gannett, is closing.