Zell Takes Over Tribune, Closing $8.2 Billion Buyout

Billionaire investor Sam Zell completed the $8.2 billion buyout of Tribune Co., ending the newspaper publisher’s 24 years as a publicly traded company. Zell becomes chief executive officer and chairman, taking on about $12 billion in debt as advertising revenue from the Los Angeles Times and Chicago Tribune declines. The purchase follows an industrywide plunge …

Silicon Valley Is Laying Low on Net Neutrality

To sustain net neutrality rules designed to check the power of the country’s largest internet providers, Craig Aaron of Free Press will need all the help he can get. But the president and CEO of the Washington public interest policy group isn’t expecting an outpouring of activism from Silicon Valley. “It wouldn’t hurt,” Aaron said. “Anybody who …

Rockaway’s Wave Seeks to Rebuild a Neighborhood, and a Newspaper

Six weeks after Hurricane Sandy tore through the Rockaways, pouring five feet of seawater into Kevin Boyle’s home, the part-time adjunct professor and one-time bar owner found himself rebuilding not just his house of 20 years but the peninsula’s 120-year-old weekly newspaper and the community that depends on it. On Oct. 29, 2012, Hurricane Sandy, …

Murdoch’s bid places Google-like value on Dow Jones

New York: Rupert Murdoch’s $5 billion (Rs20,609 crore) takeover bid for Dow Jones & Co. values the Wall Street Journal publisher higher than Google Inc., based on a measure used by analysts. News Corp.’s $60-a-share offer represents almost 40 times Dow Jones’s projected 2007 earnings, data compiled by Bloomberg show. Google, owner of the world’s …

Aereo May Be Dead, But Over-The-Top Television Is Just Beginning

Aereo filed for Chapter 11 bankruptcy, which means its assets are likely for sale. Having been shutdown by the Supreme Court in June, Aereo was left with a network of tiny antennas which functioned simultaneously to retransmit over-the-air broadcast signals to its customers. The technology allowed subscribers to bypass traditional cable operators and watch TV for …

Leon Lazaroff