Tribune Company creditors – including investment banks that are owed $8.6 billion – are working on a reorganization that will shove Sam Zell out the door.

Sam Sifton looks like a good guy. But as he gets ready to begin his new job as the hired gut of The New York Times, that’s caused a minor controversy.

Readers following the tribulations of The New York Times are likely to know the names of Mexican billionaire Carlos Slim Helu, a big shareholder in the company, and David Geffen, a big would-be shareholder.

Billionaire financier F. Warren Hellman, who already underwrites an annual music festival and a free health clinic in San Francisco, has pledged to develop a new model for community journalism.

Like the man he replaced at the New York Times, Ross G. Douthat was a conservative voice in the wilderness during his undergraduate years at Harvard (’02).

Joined by two other media heavyweights, the man who created Court TV has launched a venture that could bring much-needed revenues to the embattled newspaper and magazine industry.

Is the billionaire philanthropist considering another run at the Los Angeles Times?

In a homecoming on behalf of the homeless, celebrated writer Gay Talese made a return this week to The New York Times.

The firing of Nat Hentoff by the Village Voice last week after he had been with the paper for 50 years posed a problem for reporters and headline writers.

How to attract young readers to the Old Gray Lady? Signing rock star Bono as a columnist might be a start.

Several current and former Los Angeles Times staffers have sued Chicago billionaire Sam Zell and the Tribune Company for misusing employees’ stock to purchase the media conglomerate last December.

Of course, Rupert Murdoch already has two sons. But after the ouster of Wall Street Journal editor Marcus W. Brauchli, the man said to be most likely to become the paper’s top editor – Robert J. Thomson - is said to be almost an honorary third son.

Alberto Ibarguen, CEO of the Knight Foundation and former publisher of the Miami Herald, joined the board of directors of AMR and American Airlines in January. There wasn’t much of a honeymoon.

Tribune Company owner Sam Zell may be entertaining bids for Newsday, the company’s Long Island paper, amid mounting financial pressures.

Sidestepping a potentially nasty proxy fight, the New York Times Co. announced yesterday that it would give two seats on its board to a pair of hedge funds seeking to increase investor profits.

Timothy S. Goeglein, until Friday a White House aide and a key contact to the religious right, may go down in journalism history as the person who plagiarized so much for so little.

New Washington Post publisher Katharine Weymouth’s newspaper pedigree is matchless. Her grandmother is the late, legendary Katharine “Kay” Graham, who stared down the Nixon administration during Watergate.

But perhaps the best advice for Weymouth in her new job comes through Aunt Tina on the other side of the family.

Howell Raines, a frequent target of media critics, has decided to become a media critic himself.

The former executive editor of The New York Times, who lost his job in 2003 in the wake of the Jayson Blair scandal, will serve as media columnist for Conde Nast Portfolio.

Shares of McClatchy stock hit their lowest price in a couple decades Friday, reducing the market cap of the nation’s third largest publisher of newspapers to about $900 million.

That is a stop-the-presses number. Ten years ago, McClatchy paid one and a half times that amount for just one newspaper, the Minneapolis Star Tribune, which it is has since sold.

McClatchy’s stock price fell more than 70 percent in 2007. If the trend continues, it won’t be long before one of the company’s most valuable assets will be the land and facilities it owns in fast-growing urban areas like Sacramento, Miami, Charlotte, Kansas City and Fort Worth.

In technology, 2007 was the year of the iPhone. All that hype followed by all those sales. No wonder Time magazine declared the iPhone the invention of the year.

In technology writing and video performing, 2007 had to be the year of the ubiquitous David Pogue, a self-proclaimed “card-carrying nerd” with the ability to translate techno speak into plain English.

“The NY Times tech guru is a playful geek whose love and passion for all things gadgety shines through with every over-the-top video he makes,” wrote the people at gizmodo.com.