The Changing Media Landscape

Tycoon plans to give Tribune properties greater local control. The unusual transaction involves heavy debt.

Sam Zell may have found his newspaper guru in an unexpected place: Las Vegas.

The new Tribune boss, a local success story, spurs optimism in a town that has lost many hometown brands.

Tribune Co.’s new CEO hopes to dispose of the baseball club by season’s opening day. But the odds may be long.

At the same time, it votes to limit cable companies’ growth. Both moves are likely to be challenged in court.

Randy Michaels, who had helped build Clear Channel, is expected to focus on the broadcast and interactive businesses when Sam Zell takes over.