Stations with three letter call signs mean they were pioneers in radio. Today, a company cannot own a radio station in a town where it also runs the newspaper – but the Chicago Tribune started WGN before that rule existed (WTMJ in Milwaukee is another example)<\/p>\n
Three years ago, Sam Zell swooped in and acquired The Tribune Company and brought in Randy Michaels and the Jacor\/clear Channel veterans. The company almost immediately wound up in bankruptcy, in part due to getting caught up with the Governor Blago mess, where he would not let the Tribune Company sell the Cubs unless the newspaper told its editorial board to back off.<\/p>\n
So it’s now 3 years later and no closer to resolving the bankruptcy. The judge is fed up with all the foot dragging – according to the details in Tom Tayor’s newsletter, the judge is considering just dumping the whole thing onto a group involving OakTree Capital.<\/p>\n
Gee, that name keeps coming up a lot.<\/p>\n","protected":false},"excerpt":{"rendered":"
Stations with three letter call signs mean they were pioneers in radio. Today, a company cannot own a radio station in a town where it also runs the newspaper – but the Chicago Tribune started WGN before that rule existed … Continue reading