Tribune Co. plans to lower debt, cut content, ?right-size?its papers

Published June 6, 2008 4:00am ET



In a Thursday conference call with reporters, Tribune Co. Chairman and CEO Sam Zell indicated that the employee-owned company ? owner of The Chicago Tribune, The Sun, several other dailies and 23 broadcast stations ? likely would soon be cutting editorial content and assessing reporter productivity in order to increase earnings.

 “We are actively pursuing a program to right-size our newspapers,” said Chief Operating Officer Randy Michaels, who outlined a series of innovations and efficiencies to increase sales, reduce company costs and lower its $10.6 billion debt. 

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.