Tribune Company
The Chicago Tribune is the founding business unit of Tribune Company, which includes many newspapers and television stations around the country. In Chicago, Tribune owns the WGN radio station (720 AM) and WGN-TV (Channel 9). Tribune Company also owns the Los Angeles Times -- which displaced the Tribune as the company's largest property—and the Chicago Cubs baseball team. The Cubs were sold in 2009.
Tribune Company owned The New York Daily News from its 1919 founding until its 1991 sale to Robert Maxwell. The founder of the News, Capt. Joseph Patterson and Col. McCormick, were both descendants of Medill. Both were also enthusiasts of simplified spelling, another hallmark of their papers for many years. Tribune Company sold the Long Island newspaper Newsday in 2008.
Since 1925, the Chicago Tribune has been housed in the Tribune Tower on North Michigan Avenue on the Magnificent Mile. The building is neo-Gothic in style, and the design was the winner of an international competition hosted by the Tribune.
On June 25, 2008, the Tribune company announced they had hired a real estate company to entertain bids of the sale of both the Tribune Tower in Chicago, and the Times Building in Los Angeles. The Los Angeles Times, is also owned by the Tribune Company.
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