Tribune’s Anti-Gannett Strategy: Tronc, The Lagos Gambit and Stalling

Now, in the likely last chapters of the Tribune saga, parody precedes event. As Justin Dearborn – sans his boss, Tribune board chairman Michael Ferro – outlined the company’s new “billion-dollar” thinking Wednesday, a column in LA’s Downtowner proceeded to steal his strategic thunder. Entitled ...

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Michael Ferro Uninterruptus: Can Gannett Pry The Talkative Tribune Head From His New Chair?

Meet Michael Ferro. Ferro, 49, is not yet three months in to his stint as chairman of Tribune Publishing, the newspaper company that owns and operates such august titles as The Chicago Tribune, The Los Angeles Times and The Baltimore Sun, and he is already fending off efforts from powerful ...

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Newsonomics: Fixing the Financials at Tribune Publishing

If you think keeping track of Tribune Publishing’s many ups and downs has been hard for media observers, consider the issues within the company. For the second year in a row, TPUB’s annual 10-K filing has had to note “material weaknesses in the Company’s internal control over financial ...

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Feds Sue Tribune Hours After It ‘Wins’ Bid for Freedom Communications

What started as a marathon has turned into an obstacle course. In today’s wee hours, just before dawn, Tribune Publishing was named as the “winner” in the Orange County Register bankruptcy auction. Tribune’s winning bid of $56 million in cash – topping high-end estimates of the combined value ...

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Tribune, the Register Auction and DOJ’s Scarlet Letter

For those who have been following the ongoing tragicomedy of California’s dying newspaper industry, today, March 16, marks a climax. And as with all amazing stories, the moments leading up to that climax have made it a nail-biter. The real action is mundane enough: Today is the day that final ...

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Tribune’s New Ferro Era Begins, With Massive Leadership Change

The Jack Griffin era at Tribune Publishing is over – almost before it had really taken hold. The company this morning confirmed the sweeping reorganization of its top management that I had reported on Tuesday (“Michael Ferro Cleans The House That Jack (Griffin) Built”). In the sweep ...

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CEO Jack Griffin Is Out At Tribune

Tribune Publishing has parted ways with its CEO Jack Griffin, I’ve learned. In a fast-moving turn of events, unusually quick by corporate standards, newly minted Tribune Publishing board chairman Michael Ferro has orchestrated Griffin’s ouster — and directed the choice of his successor. Tribune ...

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Santa Ana Showdown: Tribune’s Bid for Southern California

  Companion column: Michael Ferro immediately redefines Tribune Publishing’s chairman role   Today, in the Ronald Reagan Federal Building and U.S. Courthouse in Santa Ana, Calif., the Orange County Register – for the second time—begins to emerge from bankruptcy. There may not be much ...

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Tribune Publishing Builds a Southern California War Chest

Chicago entrepreneur Michael Ferro will soon move across town, into the third-floor chairman’s suite in the legendary Tribune Tower. Yes, he’ll be 16 floors below Tribune Publishing CEO Jack Griffin, and the Tower is for sale anyway, but his new presence there will be something to watch. On ...

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Apollo Seeks Purchase of Tribune — and Possible California Sell-Off

Is Rupert right? Friday afternoon, News Corp. CEO Rupert Murdoch tweeted the following message: “Strong word Tribune newspaper group to be bought by big Wall St firm, LA Times to go to philanthropist Eli Broad and local group.” He’s talking about a deal that has been brewing for at least a ...

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