Tribune Corp.

Media company operating newspapers and TV stations.

Go To

Illinois Job Source

Add Your Resume

435 N. Michigan Ave.
Chicago, IL 60611
Employees: 14,000
CEO: Peter Liguori
Privately held


Career Site

Tribune Corp. is one of America's leading media companies, operating businesses in publishing, interactive and broadcasting, including 10 daily newspapers, 23 television stations and cable station WGN America.

The company is owned by Oaktree Capital, Angelo Gordon & Co., JPMorgan and Chase. Tribune filed for Chapter 11 bankruptcy in December 2008 due to large amount of debt.

In publishing, Tribune operates 10 leading daily newspapers including the Los Angeles Times, Chicago Tribune, Baltimore Sun and Orlando Sentinel, plus Spanish-language newspaper Hoy.

The newspaper division has been hurt by falling circulation and weak advertising growth due to competition from the Internet. The company's newspapers have laid off thousands of employees during the past several years.

Tribune Broadcasting owns and operates 23 major-market television stations and reaches more than 80 percent of U.S. television households. The group is anchored by WGN America, which can be seen in more than 70 million U.S. households via cable and satellite services. Thirteen Tribune stations are affiliates of The CW. Seven are FOX affiliates.

The company also operates popular websites for its newspaper properties and owns equity interest in major sites including,, and

Tribune Corp. announced in July plans to separate its print and broadcasting businesses into independent companies.


The Tribune company was founded in 1847 and on June 10, the Chicago Tribune published its first edition in a one-room plant located at LaSalle and Lake Streets. The original press run consisted of 400 copies printed on a hand press.

Chicago's WGN radio (720 AM) went on the air in 1924, its call letters reflecting the Chicago Tribune's renowned slogan, "World's Greatest Newspaper." The station was an innovator from the start. It was first to broadcast the World Series, the Indianapolis 500 and the Kentucky Derby, and broke new ground by introducing microphones in the courtroom during the famous 1925 Scopes "monkey trial" in Tennessee. Today, Tribune's original broadcast property is a 50,000-watt Midwest powerhouse.

Tribune entered the infant television industry in 1948, when it established WGN-TV in Chicago, followed by WPIX-TV in New York. These stations became the foundation for Tribune Television, today one of the country's largest independent TV groups.

In 1981, Tribune would acquire the Chicago Cubs baseball team from the Wrigley family for $20.5 million. WGN Radio and WGN-TV had been broadcasting Cubs games since those stations first went on the air. Since 1978, when WGN-TV became a "superstation," the Cubs have been aired to a national audience via cable. Today, Superstation WGN reaches about 60 million U.S. homes outside Chicago through cable and direct broadcast satellite.

Tribune went public on the NYSE in 1983.

In 1995, the company acquired an equity interest in the new WB television network and Tribune's TV stations would become affiliates.

In 2000, Tribune would acquire Times-Mirror company in the largest newspaper acquisition in history. The Times Mirror merger added seven daily newspapers to the Tribune fold, headlined by the Los Angeles Times, Newsday, The Baltimore Sun and the Hartford Courant.

Tribune sold Long Island's Newsday newspaper to Cablevision Corp. for $650 million in July 2008.

In 2009, the company sold the Chicago Cubs baseball team for $845 million to the family of Joe Ricketts, owner of brokerage TD Ameritrade.


Medical :
Employees have the option to choose from among several types of medical plans which, depending on work location, may include a Preferred Provider Organization or PPO plan, a national HMO plan, or local HMO plans. The plans provide a high level of coverage for most types of medical services including hospitalization, outpatient services, emergencies and preventive care.
Employees can select a traditional dental plan where they can go to any dentist for treatment or a managed dental plan where they must see a network dentist. Both plans offer varying levels of coverage for preventive, basic, major services and orthodontia.
Employees have the option to elect a comprehensive vision service plan at the employee only level for comprehensive vision care including, but not limited to eye examinations and glasses or contact lenses.
Retirement and Savings Plans
Tribune believes that employees and shareholders have long-term goals and interests that can best be realized through increased employee ownership in the company. Tribune's retirement and savings plans include a combination of stock ownership as well as a 401(k) plan to help employees secure their financial future.
Vacation and Holidays
Employees receive 10 paid holidays per year, some of which are fixed and others that are floating holidays to meet personal needs.
Employees can receive up to a week of vacation (depending on the month of hire) during the calendar year of hire. Employees will receive two weeks of vacation at the beginning of the calendar year following their hire date. After four years of employment, employees are eligible for three weeks of vacation and after 10 years, employees are eligible for four weeks of vacation.
Disability Benefits
The Tribune benefits program provides employees who are away from work due to sickness or disability with all or a portion of their base salary.
Paid Sick Days:
Employees receive a maximum of five paid sick days each year for use in connection with their own illness or that of a child, spouse, or parent. The benefit is prorated for new employees during their first year with the company.
Short-Term Disability:
This program provides employees who have a medically certified short-term disability with a portion of their base salary. Employees are eligible for this benefit after six months with the company.
Long-Term Disability:
This plan is designed to continue part of base salary if an employee's medically certified disability extends more than six months. Employees may purchase this coverage at for the first six months of employment. After six months of employment, some coverage is provided to employees at no cost, with a buy-up portion also available for purchase by the employee.
Life and Accident Benefits
The Tribune benefit package offers a number of life and accident insurance plans to help protect employees and beneficiaries. Coverage is also available for family members. Tribune provides basic employee life insurance equal to one times base annual salary plus commissions and business travel accident insurance at no cost to employees. In addition, employees have the option of purchasing the following additional coverages:
- Supplemental Employee Life Insurance
- Employee Accidental Death and Dismemberment
- Spouse/Domestic Partner Life Insurance
- Spouse/Domestic Partner Accidental Death and Dismemberment
- Dependent Children Life Insurance
- Dependent Children Accidental Death and Dismemberment
Continuing Education/Tuition Reimbursement:
The tuition reimbursement program repays employees a percentage of the cost of tuition and related expenses when college coursework is successfully completed from an accredited institution. The course or degree program pursued must be approved and should enable employees to more effectively meet the current and/or future challenges associated with their position. This benefit may vary by location.
Employee Assistance Program:
Sometimes the hardest part of facing life's challenges is knowing where to turn for help. Tribune offers an Employee Assistance Program (EAP) to help employees address this need. The EAP is a confidential program, fully paid for by Tribune.
Group Legal Plan:
Employees may elect coverage under Tribune's Group Legal Services Plan, which pays for part or all of the cost of certain legal services, including a legal hotline, preparation of deeds, mortgages, leases and simple wills.
Reimbursement Accounts:
Employees may reduce their taxable income by contributing to Tribune's health care and/or dependent care accounts. Employees may defer, on a pre-tax basis, up to $5,000 a year to pay for eligible dependent care expenses or $5,000 for eligible health care expenses. Amounts available are prorated during the first year of employment.
Matching Gifts Program:
Employees' support of non-profit organizations can be enhanced through the company's matching gifts program. Eligibility for and availability of this program varies by location.

Updated August 23, 2013