Ricketts: Cubs will fund renovation if city eases Wrigley restrictions

Cubs Chairman Tom Ricketts discusses Sammy Sosa and the renovation of Wrigley Field.









Cubs Chairman Tom Ricketts said the team is willing to pay for an ambitious $300 million, five-year renovation plan if the city will ease some of the restrictions surrounding Wrigley Field.

“The fact is that when you look at all of the limitations that we have, whether that’s signage in the outfield, which we are not allowed to do, or what kind of stuff we do in the park or around the park, I think we’d just like a little more flexibility to have some options on that stuff,” Ricketts said after a question-and-answers session with fans at the Cubs Convention.


“We have an opportunity cost there that’s tremendous. Just give us some relief on some of these restrictions, and we’ll take care of (renovating) Wrigley Field.”








Among the proposed improvements are larger concourses, restaurants, more bathroom and concession areas, expanded suites and amenities for the players, including a larger home clubhouse, batting cages and additional training facilities. A new roof would replace the wooden roof, new seats would be installed and the façade would return to its 1930s-era luster.


The project would be done during off-seasons over a five-year period, in what business president Crane Kenney termed “the greatest (stadium) restoration project ever.”


The Cubs hope the city will ease what they believe are unfair restrictions on the team by allowing more signage, an increased schedule of night games-- including Saturday night games-- concerts and the use of Sheffield Avenue for street-fests during games.


Kenney said the improvements would not lead to personal seat licenses for season ticket holders.


Ricketts said the team is looking at “other alternatives” to fund the renovations after a proposal to try and use future revenues from their amusement tax contributions fell flat.


“We’re not talking about (the plan) right now,’ he said.  “We’re looking at other things instead. One of the ways we look at it is ‘treat us like a private institution and let us go about doing our business and then we’ll take care of ourselves.'”


Due to a landmarking ordinance, the Cubs have to ask for city approval for signage, which was granted for the Toyota sign in the left field bleachers.


Asked if he was aware of the landmarking restrictions when he bought the team, Ricketts replied: “When we bought the team we kind of understood some of the restrictions. What I didn’t understand was we were the only team in baseball to have these restrictions.”


Ricketts said the team has been in discussions with Mayor Rahm Emanuel and feels they’re close to an agreement after talks stalled last year. Emanuel reportedly wouldn’t return Ricketts’ calls after a New York Times report that a PAC run by family patriarch Joe Ricketts considered funding an inflammatory ad campaign against President Obama.


“I hope (we’re close),” Tom Ricketts said. “I think everyone has an incentive. We lost a year this year. We want to get the project rolling. It’s a big economic development for the city. It’s a lot of jobs. It’s something everyone should have incentive to want to get done.”


Kenney said the Cubs understand Emanuel “wants to save the taxpayers.”


“This can not have a negative impact on taxpayers, and it has to create substantial jobs,” he said.   


Ricketts told fans the Cubs pay the second-highest taxes among major league teams, suggesting an easing of restrictions would be only fair.


“Just let us run our own business,” he said. “We’re not a museum.”


Ricketts said they’d like to open up Sheffield Avenue to a street-fest before games, as the Red Sox have with Yawkey Way outside Fenway Park.


“We think it’s a good idea,” he said. “We think it can really add to the fan experience. We’ve been to Yawkey Way and we think we can do something comparable. (Sheffield) is already closed. Why can’t we put something on it that’s nice for families or for fans coming to games?”


In another shift, the much-hyped triangle building plan has been shelved for an open area that can be used for things like movies, an ice rink, and a farmer’s market. The plan to add parking was also shelved, since polls told the Cubs they didn’t want more congestion next to the ballpark.


Kenney said the Cubs wouldn’t need to remove the landmark status for the proposed changes, adding “the marquee, the ivy, the scoreboard, we’d be the last ones who would want to touch those. The landmark ordinance really isn’t our problem. It’s just the ability to add some of the marketing elements we need and to host games when we feel like it.”


The Cubs are limited to 30 night games under the city ordinance. They would like to have at least a 40-game night schedule, sources said, including occasional Saturday night games, which are currently prohibited unless it’s a nationally televised game.


While a Jumbotron is not in the works yet, the Cubs are open to the possibility, while maintaining the hand-operated scoreboard. Kenney said polls show Cubs fans will support a Jumbotron, a shift in attitude from what they used to say.


“All of our focus groups have swung the other way, if it’s done right,” Kenney said, adding “the key question for them is where, how big, and whether the programming is right.”


In other words, no Kiss Cam.


The Cubs are taking the LED board off the centerfield scoreboard because fan surveys suggested “it’s not fitting” with the old one, Kenney said.


All the renovation proposals need city approval, which the Cubs believe should be forthcoming due to the economic impact of the project.

“We need the city’s support to get this off the ground,” Kenney said. “Thousands of jobs are waiting. We expect to get a lot of support from the city because certainly we could all use a little more employment in the city.”


psullivan@tribune.com





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Google CEO Page on Apple’s ‘thermonuclear’ Android war: ‘How well is that working?’







Google (GOOG) CEO Larry Page seems unimpressed by Apple’s (AAPL) “thermonuclear war” against his company’s operating system. In an interview with Wired posted Thursday, Page was asked to respond to reports about the late Steve Jobs being “competitive enough to claim that he was willing to ‘go to thermonuclear war’ on Android.” Page responded with one sentence: “How well is that working?” Wired followed up by asking Page whether he though that “Android’s huge lead in market share is decisive” in the battle between the companies and Page only responded that “Android has been very successful, and we’re very excited about it.”


[More from BGR: Cable companies called ‘monopolies that stifle competition and innovation’]






While Apple’s strategy of suing Android vendors has had some notable successes for the company — particularly this past summer when it won a $ 1 billion patent verdict against rival Samsung (005930) — it still hasn’t stopped Android’s rise in both the smartphone and tablet markets, and devices such as the Galaxy S III and the Nexus 7 have proven to be among the most popular released over the past year. So when Page dismisses the significance of Apple’s legal war against Android, he’s got a good point: Some high-profile Apple victories have done very little to hurt consumer interest in Google’s open-source mobile OS so far.


This article was originally published on BGR.com


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Keys attends first Sundance as producer, composer






PARK CITY, Utah (AP) — It’s a busy week for Alicia Keys.


The singer-songwriter is set to perform at three events during Barack Obama‘s presidential inauguration on Monday. She’ll sing the National Anthem at the Super Bowl on Feb. 3. And meanwhile, she popped over to Park City, Utah, to debut her first film as executive producer and composer.






The 32-year-old entertainer is attending her first Sundance Film Festival to support “The Inevitable Defeat of Mister and Pete,” which premiered Friday. Directed by George Tillman, Jr., the film tells the story of two young boys who survive the streets of Brooklyn on their own.


“It’s great because I love being part of bringing stories that you wouldn’t often hear to the world,” she said. “The fact that it was in my hometown — New York — that felt really good. The most important thing for me is that it looked and was so authentic.”


This was Keys’ first experience creating a film score, and she found the process enlightening.


“I think it really expanded me because it’s a beautiful collaborative process,” she said. “Being able to collaborate with (director) George (Tillman, Jr.), and he has such a cool feeling about music and is specific about how it related to each scene, and that was really interesting. There were some pieces that came really naturally to me and others that I had to kind of think more of how does that feel, what should that feel like?”


While she’s thrilled to experience her first Sundance festival, Keys confessed she’s constantly thinking about her Super Bowl performance.


“I’m really excited about it, I can’t even lie,” she said with a smile. “I have to rehearse it totally, as if it’s a brand new song, because it is actually a brand new song in the style that I’ll deliver it. I’m actually rehearsing it like a maniac.”


___


AP Entertainment Writer Sandy Cohen is tweeting from Sundance: www.twitter.com/APSandy.


Entertainment News Headlines – Yahoo! News





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Op-Ed Contributor: Eat Like a Mennonite



ON the second day of my chemical-detox diet, I was very hungry. I’d been eating like a rabbit, all carrots and greens that I’d gathered, barehanded, from the baskets of the farmer’s market, no gloves or plastic bags allowed. I cooked up some quinoa that I bought packaged in paper from the supermarket sometimes known as Whole Paycheck. I was effectively a vegan because I couldn’t find meat or cheese that wasn’t wrapped in plastic, and I didn’t have access to accommodating livestock.


My 7-year-old daughter and I were participating in a pilot study conducted in 2011 by the Silent Spring Institute and the Breast Cancer Fund (a follow-up study was published later that year in the journal Environmental Health Perspectives). We had urinated into some glass containers a few weeks earlier, back when we were “normal” Americans, and now we were spending three days trying to reduce our exposure to plastics before supplying our urine again.


We wanted to see what it would take to nudge down our bodies’ levels of a handful of common chemicals with the potential to mimic or disrupt hormones, including phthalates (found in some plastics and added to products like lotions to bind fragrances), triclosan (an antibacterial ingredient in many soaps, toothpastes and cutting boards) and bisphenol A (or BPA, a plastic-hardener and epoxy additive that may affect children’s brain development and that some believe may be linked to breast and prostate cancers).


Manufacturers have phased BPA out of some products, and last year, the Food and Drug Administration outlawed its use in baby bottles and sippy cups. This month Suffolk County, N.Y., banned certain cash register receipts that carry it.


Risks aside, the normal phase was a lot more fun. My daughter and I painted our toenails, took floral-scented bubble baths, ate refried beans out of a can and drank a couple of sodas. Go America! For detox, I became an isolated Anxiety Mom. We scrubbed off the nail polish. I didn’t venture far from home because I couldn’t ride in a car (phthalates waft out of plastic interiors) or shop (because of those store receipts). That turned out to be something of a relief, since I couldn’t wear makeup or deodorant. I lost three pounds. It was practically like living in the 19th century, except for my trusty bicycle helmet, which I wore despite the fact that it is a terrific example of the technology BPA makes possible.


A study published in 2010 found a very effective way to reduce urinary phthalate levels was to live meatless in a Buddhist temple for five days. A study recently published in the journal NeuroToxicology found that pregnant women in Old Order Mennonite communities, which eschew many modern conveniences, had urinary BPA levels one-fourth the national median. Those Mennonites eat more fresh food than the rest of us and make their own dairy products, but they also buy fewer consumer goods, which can be additional sources of BPA. The chemical is found in dental fillings, eyeglass lenses and CDs, among other products.


In lab-animal studies, BPA has been linked to mammary gland tumors, prostate and urethra problems and cardiac irregularities. The Food and Drug Administration maintains that BPA is safe in low levels, although in 2010 it expressed “some concern about the potential effects of BPA on the brain, behavior and prostate gland in fetuses, infants and young children.” And yet, last year’s bottle announcement seemed to be less about protecting infants than about putting confused parents at ease.


If anything, it has had the opposite effect. Parents who were worried about exposing their babies to a hormone-mimicking substance are just as worried about exposing their unborn children to it in the womb, or passing it along to newborns through breast milk. New sippy cups won’t change that.


One thing that could is adopting my extreme detox regime. My original BPA level was 5.1 nanograms per milliliter of urine, putting me in the upper quartile of Americans. (Levels here are, incidentally, twice those of Canada, which began restricting some uses of BPA in 2008.) After my three days of detox, my level dropped to 0.8, for an 84 percent reduction (I was not quite able to out-Mennonite the Mennonites — their everyday level was 0.71). My daughter’s level dropped even lower, to 0.65. That’s my little cave girl. The researchers speculated that perhaps my polycarbonate eyeglasses kept me from shedding more BPA.


In fact it’s surprisingly easy to change our bodies’ BPA chemistry; it just requires a big shift in eating habits and behavior for most of us. The substance passes in and out of the body quickly, but we are fed it in a daily drip.


So is it time to crank up my crank meter and demand that my children step away from the rubber duckie and join a religious sect? No. I like modern life, and I really like those canned refrieds.


Parents have enough to worry about without scrutinizing labels of baby bottles and wearing hazmat gloves to the grocery store. That’s why we should be relieved when the F.D.A. and local governments like Suffolk County help take over this doleful parenting task for us. It’s why we need the government to require testing of commercial chemicals for hormonal effects, and to regulate them in a meaningful way. And it’s why we need manufacturers to design products with safer substances in the first place.


As far as my family is concerned, we can eat only so much quinoa out of a paper bag.



This article has been revised to reflect the following correction:

Correction: January 19, 2013

 An earlier version of this article misstated the level of bisphenol A, a chemical compound used in consumer products, in the writer’s urine before she went on a detoxification diet. It was 5.1 nanograms per milliliter — not millimeter.



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Chicago seeks investors for potential Midway Airport deal









Mayor Rahm Emanuel's administration on Friday began testing the investment market's appetite for a potential deal to privatize Midway Airport, launching the process for finding prospective bidders.


The city posted a "request for qualifications," seeking expressions of interest and documentation of credentials from teams interested in financing, operating, maintaining and improving the Southwest Side airport, which is the nation's 26th busiest, with about 9 million passengers passing through annually.


The document reiterates a framework, laid out by Emanuel earlier, aimed at providing city taxpayers with a better deal than the widely criticized 75-year agreement to privatize parking meter operations, carried out during former Mayor Richard Daley's administration. Proceeds from the earlier deal were used to plug operating deficits, and meter rates rose sharply.





This time, proposed leases must be less than 40 years, which locks in the city for a shorter period.


Rather than awarding the city only an upfront payment, the private operator also must share revenue with the city on an ongoing basis. Initial proceeds would be used to pay down debt issued since 1996 to rebuild the airport, the mayor's office said. There is about $1.4 billion in outstanding debt.


Longer term, cash flow would be directed to city infrastructure needs. The mayor has pledged proceeds would not be used to pay for city operations.


The city also is seeking assurances that prices for parking, food and beverages will be kept reasonable.


This is the second time Chicago has looked at privatizing Midway. A 99-year lease that would have brought in $2.5 billion died in 2009 when the financial markets froze up.


Prospective bidders will be asked to prove their ability to raise the needed financing, said Tom Alexander, a spokesman for the mayor.


As in the first go-round, the city is using Credit Suisse Securities LLC as its lead financial adviser.


"The city's process and approach will be thorough and open," Lois Scott, the city's chief financial officer, said in a written statement.


Southwest Airlines, the airport's dominant carrier, supports the move.


Some observers have said a structure with a shorter lease and greater control for the city could translate into lower bids.


But Alexander said the city was confident investors "would gladly meet our terms and still make very attractive offers." The city has declined to estimate how much such a deal could garner.


The request for proposal states "there is significant potential to increase commercial revenue both in terms of variety of activities and increases in sales per passenger."


The city posted the request for qualifications shortly after the Federal Aviation Administration accepted its preliminary application to privatize the airport, clearing the way for the city to move forward in its evaluation process.


Prospective bidders were asked to formally express their interest by Feb. 22. If the city moves forward and seeks proposals, a privatization plan could be submitted to the City Council this summer.


kbergen@tribune.com


Twitter @kathy_bergen





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Autopsy today for lottery winner poisoned by cyanide

The body of poisoned lottery winner, Urooj Khan, is exhumed at Rosehill Cemetery in Chicago on Friday, Jan. 18, 2013. (John J. Kim, Chicago Tribune)









Chief Cook County Medical Examiner Stephen J. Cina said this afternoon that the body of lottery winner Urooj Khan, exhumed as part of a homicide investigation, was in an advanced state of decomposition but pathologists were able to take samples for toxicological analysis during an autopsy.

It could take several weeks before the test results are available, Cina said.

"I can't really predict how the results are going to turn out. Cyanide over the postmortem period actually can essentially evaporate and leave the tissue," Cina told reporters in the lobby of the medical examiner's office on the Near West Side. "It is possible that cyanide that was in the tissues is no longer in the tissues after several months. We'll just have to see how the results play out."

Cina said it took a few hours to complete the autopsy following the exhumation of Khan’s body from Rosehill Cemetery this morning.

The medical examiner’s office initially ruled that Khan’s July 20 death was from natural causes, but after a relative raised questions, comprehensive toxicological tests of blood showed that he died of cyanide poisoning. He had won a million-dollar lottery prize a few weeks before his death but had not collected the winnings – a lump-sum payment of about $425,000 after taxes.


Earlier today, a hearse was opened in front of a green tent set up at the grave site just north of Peterson Avenue and Khan's body was loaded into it. An evidence technician snapped a photo of it before the hearse's rear doors were closed up and the vehicle was driven away across the grass on the cemetery, escorted by a Chicago police evidence technician squad car and several other marked and unmarked police vehicles. They exited west onto Peterson Avenue.


The whole exhumation process lasted about two hours.








Khan's body was not frozen, officials said. A medical examiner's office spokeswoman, Mary Paleologos, said Khan's body will be buried again on Monday.


Dr. Marta Helenowski, the forensic pathologist who originally handled Khan's case, was to take samples of Khan's lungs, liver and spleen for further testing, along with taking a look at the contents of Khan's stomach and intestines and taking bone, nail and hair samples, all for further examination, according Paleologos.


"Depending on the condition of the body and the quality of the samples, (the medical examiner's office) will hopefully be able to determine how the cyanide entered his body," Paleologos said.


It'll be two or three weeks before the medical examiner's office knows how the cyanide got into Khan's system. The office will also have to wait for independent lab test results.


Helenowski and a few medical examiner's office personnel were on hand for the exhumation. An imam also was present to say prayers at the grave site as the exhumation went on.


Several helicopters hovered over Rosehill Cemetery and a backhoe and three or four pickup trucks were stationed at the grave site in the middle of the cemetery's northern section, where a beam of light could be seen shining over Khan's headstone. The backhoe soon began its work digging into the ground at the grave site. In addition to the backhoe, one or two workers were seen helping dig up the body with shovels.


A large tent was set up at the site where some two dozen police officers were gathered. Among the officers are two Chicago police evidence technicians, Paleologos said. One was taking still photos of the exhumation, while the other was shooting video.


An unmarked police car and two blue barricades blocked off the Peterson Avenue gate to Rosehill, the only entrance and exit in the northern section of the cemetery.


Four TV trucks sat parked along the fence about 100 yards west of the grave site along Oakley Avenue, the designated staging area for the media. A group of about a dozen photographers, a videographer and TV reporters stood along the Peterson Avenue fence, next to where traffic moved along the busy thoroughfare like any normal morning rush hour.


A few passersby gazed at the police activity at the grave site from Oakley Avenue. One, curious about large presence inside the cemetery, was surprised to learned from a Tribune reporter that it was Khan's body being dug up. Another thought someone was having a funeral.


The exhumation of Khan's remains came about six months after the West Rogers Park man was buried at Rosehill. In court papers last week, Cina said it was important to exhume the remains "as expeditiously as possible" since Khan's body was not embalmed.

In court papers, Cina said it was necessary to perform a full autopsy to "further confirm the results of the blood analysis as well as to rule out any other natural causes that might have contributed to or caused Mr. Khan's death."


The exhumation comes after the Tribune broke the story on Jan. 7 about Khan's mysterious death, sparking international media interest in the case.


The medical examiner's office initially ruled Khan's July 20 death was from hardening of the arteries when there were no signs of trauma on the body and a preliminary blood test didn't raise any questions. But the investigation was reopened about a week later after a relative suggested to authorities that Khan's death "may have been the result of poisoning," prosecutors said in a court filing seeking the exhumation.


The medical examiner's office contacted Chicago police Sept. 11 after tests showed cyanide in Khan's blood. By late November, more comprehensive toxicological tests showed lethal levels of the toxic chemical and the medical examiner's office declared his death a homicide.


Khan's widow, Shabana Ansari, who has hired a criminal-defense lawyer, told the Tribune last week that she had been questioned for more than four hours by detectives and had fully cooperated.  She said the detectives had asked her about ingredients she used to prepare his last meal of lamb curry, shared by Ansari, her father-in-law Fareedun Ansari and Khan's daughter from a previous marriage, Jasmeen, 17.


While a motive has not been determined, police have not ruled out that Khan was killed because of his lottery win, a law enforcement source has told the Tribune.


According to court records obtained by the Tribune, Khan's brother has squabbled with Shabana Ansari over the lottery winnings in probate court. The brother, ImTiaz Khan, raised concern that since Khan left no will, Jasmeen Khan would not get "her fair share" of her father's estate.


Khan and Ansari did not have children together. Since her father's death, Jasmeen Khan has been living with Khan's siblings.


An attorney for Ansari in the probate case said the money was all accounted for and the estate was in the process of being divided up by the court. Under state law, the estate typically would be split evenly between the spouse and Khan's only child, he said.


In addition, almost two years ago, the Internal Revenue Service placed liens on Khan's residence on West Pratt Boulevard in an effort to collect more than $120,000 in back taxes from his father-in-law,  Fareedun Ansari, who still lives at the home with his daughter.


Fareedun and Shabana Ansari have denied involvement in Khan's death.


jgorner@tribune.com

Twitter: @ChicagoBreaking





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RIM offers Android developers up to $2,000 to port apps to BlackBerry 10 this weekend







RIM (RIMM) really wants Android developers to bring their apps over to BlackBerry 10, and it’s got the cash to prove it. Via AndroidGuys, it seems that RIM will hold a “BlackBerry 10 Last Chance Port-A-Thon” that will pay Android developers $ 100 for every approved app they port over to BlackBerry 10, with a limite of 20 different paid apps per developer. RIM says that the “port-a-thon” will start at noon Friday and run for the following 36 hours. App developers have shown some strong interest in BlackBerry 10 so far as RIM announced this week that it had received 15,000 app submission over just two days during the last port-a-thon, although the company didn’t mention how much influence its “really cool” SDK had in convincing companies to develop for its new platform.


[More from BGR: Samsung’s latest monster smartphone will reportedly have a 5.8-inch screen]






This article was originally published on BGR.com


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Karl Rove re-ups With Fox News channel






LOS ANGELES (TheWrap.com) – Karl Rove’s election-night brouhaha is apparently water under the bridge at Fox News. Rove, the former senior advisor to President George W. Bush, has extended his run as a contributor with Fox, the network’s CEO, Roger Ailes, said Thursday.


The new deal will keep Rove on through the 2016 presidential election.






Under the extension, Rove will also continue to contribute to Fox Business Channel.


“Karl’s detailed knowledge of state and national politics, as well as fundraising and strategy, makes him an important player in our ongoing political coverage and we look forward to him continuing his analysis across all platforms for Fox News and Fox Business,” Ailes said of the new deal.


Rove, who’s been a contributor for Fox News since 2008, raised eyebrows among viewers – and his onscreen cohorts – on election night. After the network’s analysts called Ohio – and thus the country – for Obama, Rove protested at length that they might be premature. That prompted anchor Megyn Kelly to go down the hall on-air to where the network’s analysts were assembled in order to confirm the prediction.


On Wednesday, Ailes announced that Fox had hired former Democratic congressman and presidential candidate Dennis Kucinich as a contributor.


TV News Headlines – Yahoo! News





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Well: A Great Grain Adventure

This week, the Recipes for Health columnist Martha Rose Shulman asks readers to go beyond wild rice and get adventurous with their grains. She offers new recipes with some unusual grains you may not have ever cooked or eaten. Her recipes this week include:

Millet: Millet can be used in bird seed and animal feed, but the grain is enjoying a renaissance in the United States right now as a great source of gluten-free nutrition. It can be used in savory or sweet foods and, depending on how it’s cooked, can be crunchy or creamy. To avoid mushy millet, Ms. Shulman advises cooking no more than 2/3 cup at a time. Toast the seeds in a little oil first and take care not to stir the millet once you have added the water so you will get a fluffy result.

Triticale: This hearty, toothsome grain is a hybrid made from wheat and rye. It is a good source of phosphorus and a very good source of magnesium. It has a chewy texture and earthy flavor, similar to wheatberries.

Farro: Farro has a nutty flavor and a chewy texture, and holds up well in cooking because it doesn’t get mushy. When using farro in a salad, cook it until you see that the grains have begun to splay so they won’t be too chewy and can absorb the dressing properly.

Buckwheat: Buckwheat isn’t related to wheat and is actually a great gluten-free alternative. Ms. Shulman uses buckwheat soba noodles to add a nutty flavor and wholesomeness to her Skillet Soba Salad.

Here are five new ways to cook with grains.

Skillet Brown Rice, Barley or Triticale Salad With Mushrooms and Endive: Triticale is a hybrid grain made from wheat and rye, but any hearty grain would work in this salad.


Skillet Beet and Farro Salad: This hearty winter salad can be a meal or a side dish, and warming it in the skillet makes it particularly comforting.


Warm Millet, Carrot and Kale Salad With Curry-Scented Dressing: Millet can be tricky to cook, but if you are careful, you will be rewarded with a fluffy and delicious salad.


Skillet Wild Rice, Walnut and Broccoli Salad: Broccoli flowers catch the nutty, lemony dressing in this winter salad.


Skillet Soba, Baked Tofu and Green Bean Salad With Spicy Dressing: The nutty flavor of buckwheat soba noodles makes for a delicious salad.


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Liguori named CEO of Tribune Co.

Peter Liguori named CEO of Tribune Co.









Television executive Peter Liguori was named the new chief executive of Tribune Co. Thursday, taking the reins of the reorganized Chicago-based media company weeks after its emergence from bankruptcy.

In a widely expected announcement, Liguori, 52, a former top executive at Fox Broadcasting and Discovery Communications, was confirmed by Tribune Co.'s new seven-member board, which met for the first time Thursday in Los Angeles. In Chicago, Tribune Co. owns the Chicago Tribune, WGN-Ch.9 and WGN-AM.






"It can be daunting; I tend to view it as being exciting," Liguori said in an interview about his new job. "It's just a company of tremendous media assets with big iconic brand names, and many of those names are in major markets."

Liguori said he looked forward to leading Tribune Co. into a new era, focusing on content development across all media platforms. And despite speculation by analysts and industry insiders that the company was unlikely to retain its full portfolio of TV stations and newspapers, Liguori said he is hoping to keep Tribune's broadcasting and publishing businesses together under one roof.

"I don't care if it's newspapers or TV or digital operations or our other media assets: I'm hoping to make them work together," Liguori said. "And I'm really interested in building the company through innovation and through commitment to our mission of creating compelling content and best-in-class services."

Liguori replaces Eddy Hartenstein, who has been CEO of Tribune Co. since May 2011. Hartenstein will remain on the board and continue as publisher of the Los Angeles Times. He also will serve as special adviser to the office of CEO, according to Liguori.

"Eddy has done an exemplary job taking this company through some very, very rough times," Liguori said. "He has done a very good job as the publisher of a key asset, and I will benefit from having his advice and counsel and institutional knowledge at my side."

Tribune Co. filed for bankruptcy protection in December 2008, saddled with a total of $13 billion in debt after real estate investor Sam Zell completed his $8.2 billion buyout less than one year earlier. It emerged from Chapter 11 on Dec. 31, 2012, with a healthy balance sheet, owned by its senior creditors: Oaktree Capital Management; Angelo, Gordon & Co.; and JPMorgan Chase & Co.

Bruce Karsh, president of Los Angeles-based investment firm Oaktree, the largest Tribune Co. shareholder with about 23 percent of the equity, was named chairman of the new board, which also includes Liguori; former Yahoo interim CEO Ross Levinsohn; entertainment lawyer Craig Jacobson; Oaktree managing director Ken Liang; and Peter Murphy, a former strategy executive at Walt Disney Co.

A Bronx native and Yale graduate, Liguori is a former advertising executive who transitioned into television more than two decades ago. He is credited with turning cable channel FX into a programming powerhouse during his ascent to entertainment chief at News Corp.'s Fox Broadcasting. More recently, he was chief operating officer at Discovery Communications Inc., where he helped oversee the rocky launch of the Oprah Winfrey Network. He became interim CEO in 2011 after the previous executive was forced out; he left the company when Winfrey made herself CEO of OWN. Liguori has been working since July as a New York-based media consultant for private equity firm Carlyle Group.

Liguori said job one will be assessing Tribune Co.'s diverse portfolio of assets, which include 23 television stations; national cable channel WGN America; WGN Radio; eight daily newspapers, including the Chicago Tribune and Los Angeles Times; and other properties, all of which the reorganization plan valued at $4.5 billion after cash distributions and new financing.

Despite its roots as a newspaper company, broadcasting has supplanted the declining publishing segment as the core profit center for the company. Liguori acknowledged broadcasting will be a focus going forward, but not necessarily at the expense of Tribune Co.'s newspaper holdings.

"I'm tasked to be a chief executive officer and a general businessman, and I'm going to take the same principles that I've used in broadcasting, and (extend) them out to all of our business," he said.

Liguori became president of Fox's FX Networks in 1998, when it was a small basic cable channel airing mostly reruns. Elevated to CEO in 2001, he remade FX by offering edgy original programming such as the "The Shield," "Nip/Tuck" and "Rescue Me," creating a string of first-run successes.

Unlocking the value of WGN America, which lags top cable networks such as TBS and FX, will be a priority, Liguori said.

"In this very co-dependent media environment, it's not just sitting there and focusing on how quickly we could grow the bottom line," Liguori said. "The bottom line is the outcome of great content, great marketing, which will drive great ratings, which will attract advertisers, which will further our relationship with affiliates, and will lead to natural growth based on the fact that we have high levels of usership."

Content development will also be key for Tribune Co.'s other media properties, including newspapers, Liguori said.

"I look at the newspapers and appreciate what we do for the local communities, and do recognize that the newspaper business is challenged right now," he said. "But how do we innovate, how do we go out and create stories, create coverage, servicing community and spreading that content across all media platforms?"

In the face of digital competition and sagging publishing industry revenue, Tribune Co.'s newspaper holdings have declined to $623 million in total value, according to financial adviser Lazard. With some newspaper owners expressing interest in acquisitions, Liguori said: "I have a fiduciary responsibility to hear those out."

"Those would be evaluated on an as-come basis. However, with all that being said, it's my job to make sure it doesn't stop me from focusing on our day-to-day business and growing the assets that we have."

He added: "Newspapers are a core part of our business."

Further, Liguori said all of Tribune Co.'s assets will be assessed, with an eye toward maximizing performance, and ultimately, value for the company. That includes real estate holdings such as Tribune Tower in Chicago and Times Mirror Square in Los Angeles, which were on the block until they were taken off the market in 2009.

"In places like Chicago and LA, particularly, there's a bunch of underutilized space that's being leased and has high demand and getting very good rates," Liguori said. "As I look toward the real estate assets, I've just got to ascertain what the value of the properties are and are we best utilizing them."

With a clean balance sheet and the company operating profitably, Liguori said strategic acquisitions will also be on the table, as Tribune aspires to be more of a growth company going forward.

"I think it really changes the driving mission of Tribune versus the past four years, where it undoubtedly had to be a bit shackled," he said. "I look forward to seeing what possibilities are out there and with great financial rigor and diligence, determining whether or not acquisitions would help us."

While the first board meeting was held in Los Angeles, Liguori said it doesn't presage a westward migration for the 166-year-old Tribune Co.

"The corporate office will continue to be in Chicago, and I'm going to be spending considerable time there," Liguori said. "There's great tradition and great history of Tribune being an iconic brand in Chicago."

rchannick@tribune.com | Twitter @RobertChannick



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