Tribune Company
From Free net encyclopedia
Template:Infobox Company The Tribune Company is a large multimedia corporation based in Chicago, Illinois. It owns the Chicago Tribune, WGN, the Chicago Cubs, the Los Angeles Times, Newsday in New York, the Hartford Courant, The Baltimore Sun, the Daily Press, and many other media outlets. The Tribune Company is also a co-owner of the WB television network. The Tribune Company's revenues total billions of dollars each year.
The Tribune Company also owns Tribune Entertainment, which owns the distribution rights to several television shows including: Andromeda, Mutant X, The Beastmaster, Family Feud, South Park, Soul Train, Candid Camera, Earth: Final Conflict, and others.
On January 24, 2006, CBS Corporation and Time Warner announced plans to launch The CW Television Network in September 2006. 16 of Tribune's WB affiliates and 11 of CBS' UPN affiliates will join the new network. Tribune will not be a shareholder in The CW.
Criticism
One criticism of the Tribune Company is that they are responsible for the Cubs' perpetual losing. The Tribune Company discovered that the Cubs are more profitable fielding a poor team, rather than spending big on free agents. The Chicago Cubs are located in a trendy area of Chicago, causing them to have great attendance at home games, even when the team is doing poorly.
There were rumors that Tribune Company would buy Telefutura from Univision Communications and creating duopolies in New York, Los Angeles, Chicago, Philadelphia, Boston, Dallas, Houston, Miami and Sacramento. As of 2006, this has not occurred.
The Tribune Company supported the 2003 invasion of Iraq in all its newspapers.
